Tech Company Financing Transactions
Formspring Funding Round
On 11/19/2010, Formspring raised $11.5 million in Series A investment from Redpoint Ventures and private investors.
Transaction Overview
Company Name
Announced On
11/19/2010
Transaction Type
Venture Equity
Amount
$11,500,000
Round
Series A
Investors
Redpoint Ventures (Lead Investor) (Geoff Yang)
Proceeds Purpose
The combined capital will help Formspring stay focused on its ongoing product innovation and efforts to build out its team in San Francisco to continue its tremendous global growth, which made Formspring a top 200 most visited website in the U.S. in its first year.
Company Information
Company Status
Out of Business
Industry
Internet & IoT
Mailing Address
6525 E. 82nd St 215
Indianapolis, IN 46250
USA
Indianapolis, IN 46250
USA
Phone
Website
Email Address
Overview
The Formspring.me product is still quite simple, enabling users to create a page inviting people to ask them anything, even anonymously. Wechsler said the company's first priority is keeping up with infrastructure demands; it currently has some 200 quad-core servers and is adding more all the time.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ade Olonoh
Chief Operating Officer
Ro Choy
VP - Engineering
Rob Storrs
VP - Product Management
Tom Wang
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