Laugh.ly, a San Francisco, CA-based streaming mobile app built for stand-up comedy, closed a $2.25m seed funding round.
The round was led by the New York Angels, with participation from Barbara Corcoran, the Wharton Alumni Angel Network, Social+Capital, Backstage Capital, Treehouse Capital, Accelerator Ventures and Atlas Holdings.
Launched in August 2016 by CEO Dave Scott, Laugh.ly is a streaming app providing content accessed through direct distribution deals with media publishers in comedy. Its library features albums from more than 650 comedians including Kevin Hart, Amy Schumer, Louis C.K., Hannibal Buress, George Carlin, Chris Rock, etc.
The platform, available for free on iOS, Android and any Web browser, has been downloaded more than 150,000 times by users averaging more than 60 minutes per session.