If you need more proof that FundersClub wants to radically change startup funding by letting non-VCs invest, it just closed a $6 million seed round, the largest ever from a Y Combinator company. There are still questions about its legality, but investors include A-listers YC, First Round, Chris Dixon, and Aaron Levie.
E-commerce startup Soldsie, which just announced in January that it had raised $425,000 from 72 investors through FundersClub, has now officially closed its full seed round of $1 million in outside funding.
Editor’s note: This is the second part of a two-part guest column by Zach Noorani. Part one examined whether equity crowdfunding is a threat to VCs. Zach is a former VC and current second-year MBA student at MIT Sloan. Follow him on Twitter @znoorani.
Is angel capital an attractive asset class?
In December, AngelList, a service that matches early-stage startups with investors, debuted the ability to allow accredited investors to actually invest in startups on the platform with as little as $1,000. AngelList also partnered with SecondMarket to create an investment vehicle for these investments.
AngelList, a service that matches early stage startups with investors, is raising a big round of financing at a valuation that multiple sources say will top $150 million. Investors may include Google Ventures and Andreessen Horowitz, among others, say our sources.
Video management startup Kaltura is growing fast, but it’s looking to expand even more, and has raised even more money to do so. The company has closed a $25 million Series D round of funding, which includes money from new investors Mitsui Global Investment and Orix Ventures.
Just months after relocating from San Francisco to Detroit, Stik is relaunching its Facebook-powered recommendation service and announcing a new round of funding. The $2.3 million Series A round was co-led by Detroit Venture Partners and North Coast Technology Investors. Draper Associates, First Step Fund, MEDC and Automation Alley also participated in the round.
Y Combinator-backed payments startup Balanced has closed out a total $3.4 million seed round, thanks to the addition of $2 million in new funding from investors such as Andreessen Horowitz, CollabFund, and a bunch of angels.
The funding is somewhat strategic, as the startup is looking to help leverage the expertise of the investors involved to help grow its payments business for peer-to-peer marke
15Five, a startup that offers a cloud-based platform for employees to provide weekly feedback about their progress — and for CEOs and other managers to be able to read all of it quickly, is today announcing that it has raised its first VC money, a seed round of $1 million from a list of investors including Richmond Global, 500 Startups, Yammer Founder David Sacks, USTREAM founder John Ham, J
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