XYDO, a start up that develops a social news network focused on the endorsement, prioritization and engagement of news, closed a $1.25m seed funding round.
The round was led by EPIC Ventures, a Draper Fisher Jurveston (DFJ) Global Network partner fund, with participation from professional angel investors in San Francisco, New York and Salt Lake City.
The company intends to use the capital to further develop its social news network and expand its team.
In conjunction with the funding, Nick Efstratis, a managing director at EPIC Ventures, will join XYDO’s board of directors.
Launched in May 2011 by CEO Eric Roach and Cameron Brain, XYDO provides users with a prioritized view of articles, features, editorials, blogs and other news being shared within their social graphs, with the ability to observe and track broad global news trends and specialized domain-specific trends.
FinSMEs
07/06/2011