Newswhip, the Dublin based predictive media monitoring firm, has raised $13m in fresh investment.

The round was led by London-based AshGrove Capital.

The company will use the money to grow its operations, with plans to increase its workforce by 50% between now and 2024.

"We're excited to bring AshGrove Capital on board as investors," said NewsWhip chief executive Paul Quigley.

"Their team recognizes the transformation underway in the communication profession, and the unique position NewsWhip has in enabling that transformation."

"We share a vision where NewsWhip is the real-time eyes and ears of every sophisticated comms department in the world."

NewsWhip was founded in 2011 by Paul Quigley and Andrew Mullaney.

Used by communications professionals and journalists, the company's platform tracks which stories are gaining momentum in real time and predicts which ones will maintain traction in the future.

It is currently used by Google, Meta, The New York Times, Samsung and the BBC.

"The challenges NewsWhip helps solve for their customers are becoming more topical for global organizations and critical for real-time responsiveness," said Ilkka Rantanen, Co-Founder and Partner at AshGrove Capital.

"Our investment perfectly aligns with the company's technology-led approach to offer a unique and innovative solution in a growing market, and we look forward to supporting the Company to further enable communication professionals to be more focused, prepared and reactive to global news events."

NewsWhip was advised by Dublin based Pegasus Capital.