Monday, 17 May 2010

Swipely Raises $7.5 Million In Funding

Swipely, a Blippy competitor, has just announced a $7.5 million series A round of funding from First Round Capital, Greylock Partners, Index Ventures and several angel investors, including Ron Conway and Chris Sacca. This news comes hot on the heels of Blippy’s $11.2 million Series A just a couple weeks ago.
Danny Rimer of Index Ventures will join Swipely’s board of directors, and Reid Hoffman of Greylock Partners will serve as an observer on Swipely’s board. In December and November of last year, the company raised $1 million in angel funding from First Round and others.

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