Quintype, a CMS that lets publishers manage editorial assignments, has launched SpeakWrite, a platform for digital media startups where it will provide design services, developing and testing for websites and apps and 1,000 hours of professional services over 12 months. It will also provide introductions to industry partners, advisors and investors, access to geographies (US and Asia) and overall mentorship.
SpeakWrite will invest in digital media startups and offer them the above services and help them launch their sites or apps. The program will be free of cost in exchange for a 4-9% equity stake in the startup based on the stage of the startup, funding raised, complexity of the early site/app and its business plan etc. Quintype says that it has accepted 3 startups into this program so far but does not provide the names or details of the startups yet.
Funding from Raghav Bahl: In September, Quintype raised $3.25 million in a round of funding from Raghav Bahl and other unnamed investors, for expanding its sales and engineering teams in both, Bangalore and California. Quintype is a product of Bahl’s own Quintillion Media, the platform which also runs the mobile focused digital venture The Quint. The Quint went live in March this year, after it started publishing stories on Facebook as a preview to the new service in February, and publishes content on various topics like politics, technology, entertainment, business and sports. Quintype on the other hand, is looking to beat WordPress at its own game.