FundersClub, a Palo Alto, CA-based marketplace for private investing, has closed a $6m seed funding.
- institutional investors First Round Capital; Y Combinator; Draper Associates; Felicis Ventures; Spark Capital; Digital Garage; Intel Capital; Y Combinator-affiliated funds (Andreessen Horowitz, Start Fund, SV Angel, and General Catalyst Partners); Investmon Sàrl; NetPrice; Global Venture Alliance (GVA) and Plug and Play Tech Center;
- individual investors Chris Dixon; Aaron Levie; Pejman Nozad; Dan Rose; Jack Abraham; Farzad (Zod) Nazem.
The company intends to use the capital to expand the community and the platform.
Led by Alex Mittal, CEO and co-founder, FundersClub operates an online venture capital platform that allows accredited investors to become equity holders in FundersClub-managed venture funds, which support pre-screened, private companies. It currently features early, mid and late-stage private U.S. technology companies with high growth and reputable teams from Silicon Valley and beyond.
Members can browse the platform and screen investment opportunities, view investment profiles and sign legal documents.
For further details about how FundersClub works, visit: http://www.fundersclub.com/site/howitworks.