Lifecrowd, a Santa Monica-based social activities discovery site, has secured $5m in initial funding.
The round was led by Lightbank, with participation from Bullpen Capital, Baroda Ventures and Prism VentureWorks. Lifecrowd, received additional backing from MuckerLab, where it became the first start-up to emerge from the Santa Monica based accelerator program just last month.
In conjunction with the funding, Lightbank will take a seat on the company’s board of directors.
Led by CEO Bong Koh, Lifecrowd is an online marketplace designed to help users discover and participate in fun activities in their area, connect with friends and meet new people. It emphasizes casual settings with a typical group size of 8 to 10 people—big enough to socialize without being overwhelming.
It is live in Los Angeles, San Francisco, Orange County and San Diego.
FinSMEs
19/04/2012