Crowdfunding platform FundersClub officially closed its first fund, raising more than $500K for fellow Y Combinator startup Virool.
FundersClub has been in the press a lot this year for its innovative approach to crowdfunding equity investments and its $6 million seed round. It is a platform that gives accredited investors from around the world access to a listing of vetted, early-stage companies. If they are interested, they can invest directly on the site. Once the goal is achieved, Funders Club bundles the money into one dedicated fund and gives that money to the startup as a single entity.
Virool was one of the first companies listed on the FundersClub site. The company offers social video advertising. By integrating its API, developers can more effectively deliver their content to audiences, achieving broader reach and thus more successful campaigns.
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