ChallengePost Garners $4,100,000 Series A Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bb3465fc-d848-4f6f-a4e1-0571771dfe34&Preview=1
Date
8/9/2011
Company Name
ChallengePost
Mailing Address
425 West 13th Street New York, NY 10014
Company Description
We all wish for things, large and small, to make the world a better place or to make our own lives a little easier or more entertaining. It might be a new smartphone app that points you to deals at your favorite stores and restaurants; a better way to teach kids math; or a cure for cancer.
Website
http://www.challengepost.com
Transaction Type
Venture Equity
Transaction Amount
$4,100,000
Transaction Round
Series A
Proceeds Purposes
The funds will go towards creating new tools for the site as well as hiring a developer, a salesperson, and a product designer.
M&A Terms
Venture Investor
Opus Capital
Venture Investor
Betaworks
Venture Investor
Undisclosed