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Post by The Ultimate Nullifier on Jan 29, 2014 9:52:34 GMT -6
Indiegogo, a crowdfunding startup that competes with Kickstarter and others, announced that it has raised $40 million in second-round funding, led by venture-capital firms Institutional Venture Partners and Kleiner Perkins Caufield & Byers.
Indiegogo said it will use the new funding to expand mobile efforts and widen its global reach.
The funding brings the San Francisco-based startup to about $66 million raised to date.
Additional investors include Insight Venture Partners, MHS Capital, Metamorphic Ventures and FF Venture Capital.
To date, according to Indiegogo, users in 190 countries have launched 190,000 campaigns. The company was founded in January 2008.
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