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The company is backed by Charles River Ventures, Jesselson Capital, Khosla Ventures and ZG Ventures.
Also participating were Union Square Ventures and Flybridge Capital.
Joint ventures and merger negotiations are another possible minefield.
Enron poured billions into these trading ventures, and some failed.
The funding round was led by Austin Ventures and also included previous investors El Dorado Ventures and Norwest Venture Partners.
Its investors included Bain capital Ventures and Google Ventures, and its advisers included Mario Batali and the Instagram co-founder Kevin Systrom.
NewsBasis has raised $545,000 from Zelkova Ventures and individual investors and is raising additional capital.
Index Ventures and Union Square Ventures participated in the round, among others.
After having been expelled from several schools, he tried business ventures and failed.
Monashees Capital, based in São Paulo, Kaszek Ventures and Thrive Capital invested in that round.
They will continue to focus on matters like mergers, joint ventures and other transactions.
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