Tech Company Financing Transactions
Formspring Funding Round
On 3/18/2010, Formspring secured $2.5 million in investment from Baseline Ventures, Floodgate Fund and private investors.
Transaction Overview
Company Name
Announced On
3/18/2010
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Undisclosed
Investors
Proceeds Purpose
Proceeds purposes were not disclosed.
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.
Management Team
Title
Name
Email & Social
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