Today’s early-stage startup funding and acquisitions news:
Local social network Streetlife has raised £600,000 in new funding, and says it’s seeking to raise £3 million by end-of-year. Investors in this round include Archant Digital Ventures and Shohet & Cie. Currently focused on urban areas in the UK, the London-based startup is branding itself as a local social network that enables neighbors to better connect with each other. It was founded in 2010 by Matthew Boyes, and claims to have 100,000 users in more than 500 communities across Great Britain. The team apparently previously raised more than £500,000 in Seed funding.
Vital Stats:
Website: www.streetlife.com
HQ: London
Founder: Matthew Boyes
Year Founded: 2010
Venture Round Investors: Archant Digital Ventures, Shohet & Cie
Innovation: A social network focused on local areas, currently available in the UK.
Total Funding: Approx. £900,000
(Sources: Streetlife, PR Web, Crunchbase)
More funding and acquisitions news…
Yahoo acquires ecommerce app platform startup Lexity, will maintain all its products and services (via The Next Web)
Social Commerce Platform Chirpify Catches an Extra $4 Million in Funding (via SocialTimes)
As Earlybird Closes New €150m Fund, LPs Warm To European Tech Valuations (via TechCrunch)
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