Atlas Venture, Ludlow Ventures, Promus Ventures, Innovation Works and Coyote Ridge Ventures have participated in the $1.1 million seed round of financing for Sqwiggle, a web application that allows for short video discussions between one or more people. The financing was part of the first AngelList Syndicate, which allows investors to syndicate deals with each other.
SAN FRANCISCO, August 30, 2013 — Sqwiggle, Inc. is pleased to announce our
seed round of financing of $1.1M as part of the first AngelList Syndicate along with a series of venture capital firms and angel investors such as Atlas Venture, Ludlow Ventures, Promus Ventures, Innovation Works and Coyote Ridge Ventures. This investment round officially closed on August 26th.
“We couldn’t be more excited to work with such an amazing cast of investors and the new AngelList Syndicate feature is amazing.” explains Matt Boyd, Cofounder
of Sqwiggle. “Naval Ravikant and his team at AngelList have definitely helped accelerate our funding cycle. We like to align ourselves with people that are doing big things and when presented with the opportunity to take part in such an innovative way to fundraise, we couldn’t pass it up. Our vision behind Sqwiggle is massive and working with great advisors and investors is key to the success and
execution of this vision.”
As a fully distributed team with members in England, the Midwest and San Francisco, further plans of overseas and domestic expansion are imminent. Sqwiggle launched in beta on April 5th, 2013 and has since amassed tens of thousands of users working remotely across the world.
About Sqwiggle, Inc.
Sqwiggle is an “Always On” workroom meant for short video discussions with one or multiple people on your remote team. No need to call or accept, just click someone and start talking.
When not in a discussion, Sqwiggle sends a black and white picture of you to your team every ten seconds for consistent presence during the day to curb loneliness. “We’ve seen teams of two to a hundred using Sqwiggle as a part of their daily workflow and we couldn’t be more excited to facilitate better communication and collaboration for remote teams” explains Eric Bieller, Cofounder of Sqwiggle.