Sponto Raises $200,000 in Initial Financing

Sponto, a Washington, DC-based mobile party discovery app for college students, completed a $200,000 initial equity financing.

The round was ledby Amplifier Ventures.

The company intends to use the funds to complete the first commercial release of its event-sharing platform, to expand to new schools, and to grow its software development team.

Led by CEO and co-founder Jamey Harvey, Sponto plans to commercially launch its offering on Android, iPhone and Blackberry in Washington, DC universities in the second quarter, and extend to other markets in time for the fall.

In conjunction with the funding, the company has joined the Amplifier Business Accelerator Program.

15/03/2011