Brief: Spundge Content Aggregation Tool Raises Capital on Crowd for Angels

If you are in the content creation space you know Spundge and may be a user.  Spundge is a software application that cruises the internet and returns relevant results based on user set criteria. You may then choose how to use the content based off your specific needs, save, publish and monetize – Spundge is an interesting content tool.

Richard SzalwinskiFounded by Richard Szalwinski this is his 5th company. He is an entrepreneur that has an enviable record of two solid exits having sold prior companies; one to Microsoft for $130 million, and the other to Autodesk for a mere $400 million.  He believes that Spundge, his 5th venture, will be his best idea yet.

Spundge is seeking £225,800 in funding for a 14.26% ownership stake listed on Crowd for Angels. The minimum funding to close the round is £70,000.  To date 4 investors have contributed £66,000. The Spundge team states they have already accumulated 28,000 “freemium” registered users engaged in creating and marketing content .

“The paid for research market is worth billions of dollars annually,” states Szalwinski. “Yet professionals lack tools and don’t get remunerated properly for the work they create. We’re focused on solving this.”

Terms of the offer are only available to registered users so it is difficult to glean additional investment criteria.  The capital infusion is said to be used to “increase the number of professionals using the platform and to match them with paying audiences around mutual topics of interest”.


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