The indie film fundraising site raised $15 million series A to take the crowdfunding platform mainstream.
By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)
Today, Indiegogo announced a new $15 million Series A round of funding led by Insight Venture Partners and Khosla Ventures – with the participation of existing Indiegogo investors Metamorphic Ventures, MHS Capital, ffVenture Capital, and Steve Schoettler. Indiegogo had raised a $1.5 million seed round a year ago.
Co-founder and COO Danae Ringelmann‘s initial idea was to set up an independent film investment fund but during her tenure at UC Berkeley‘s Haas School of Business, she met fellow MBA Eric Schell and his former colleague – and together the co-founders worked on a social online marketplace where independent filmmakers could interact with fans, raise money, and build a following.
Congrats to Danae and her team on raising money to mainstream Indiegogo’s crowdfunding platform!
Angie Chang co-founded Women 2.0 in 2006. She currently serves as Editor-In-Chief of Women 2.0 and is working to mainstream women in high-growth, high-tech entrepreneurship. Previously, Angie held roles in product management and web UI design. In 2008, Angie launched Bay Area Girl Geek Dinners, asking that guys come as the “+1″ for once. Angie holds a B.A. in English and Social Welfare from UC Berkeley. Follow her on Twitter at @thisgirlangie.