Qwiki Raises $1M
The company intends to use the new funds to accelerate the expansion of the business.
Co-founded by CEO Doug Imbruce and Dr. Louis Monier (founder of AltaVista) Qwiki debuted in September 2010 at the TechCrunch Disrupt Conference, where it won the TechCrunch Disrupt Cup.
The company has raised a total of $10.5m in funding to date. Its previous $9.5m round was led by Eduardo Saverin (co-founder, Facebook), with participation from Jawed Karim (co-founder, Youtube), Pradeep Sindhu (co-founder, Juniper Networks), Bobby Yazdani, Lerer Media Ventures, Tugboat Ventures, and Contour Venture Partners.
Lightbank is a Chicago-based fund focused on early-stage technology companies.