Social Investing Site Covestor Gets $6.5 Million First Round
By Joseph Weisenthal - Tue 08 Apr 2008 10:30 AM PST
Covestor, a service for people to share their stock picks, has raised a $6.5 million first round led by Union Square Ventures and Spark Capital, along with Amadeus Capital Partners. The company previously raised a seed round from angel investors. The service lets users broadcast their stock picks, establish a reputation and then potentially profit by sharing your investing ideas. Other companies attempting similar things include UpDown.com and SocialPicks. USV has put up a post explaining the investment. Release. (.pdf)
Posted in: Social Media, VC+M&A, Venture Capital
Tags: union square ventures, amadeus capital partners, covestor, spark capital,
