Crowdtilt, a San Francisco, CA-based provider of a platform connecting people and payments for group experiences, purchases and causes, raised $23m in Series B funding.
The round was led by Andreessen Horowitz, with participation from SV Angel as well as Sean Parker, Matt Mullenweg, Oliver Jung, DCM, Felicis Ventures, Naval Ravikant, Alexis Ohanian, Elad Gil, and others.
The company intends to use the funds to continue to grow its team and expand internationally.
Founded in 2012 and led by James Beshara, CEO, Crowdtilt provides a platform to collect, fundraise, or pool funds for anything from small-scale group objectives, like combining money for gifts or parties, to large-scale funding campaigns for community projects, disaster relief or crowdfunded products, from new and existing enterprises.
The company’s solutions (Crowdtilt.com, the Crowdtilt mobile app, the Crowdtilt API, and the Crowdtilt open-source tool Crowdhoster) has been used by Microsoft, Jamba Juice, Reddit, Soylent, McSweeney’s and Local Motors, among others.