Investors, it seems, like to invest in investors.
Investing platform FundersClub has closed the largest ever seed round from a Y Combinator company. The company raised $6 million for its marketplace that allows accredited investors invest in startups online.
There is a lot of buzz surrounding FundersClub for its innovative approach to venture capital. It carefully selects startups to feature on the site. Each company creates a profile and sets a fundraising goal. Once granted membership, individuals with an annual salary of over $200,000 or net worth of over $1 million can peruse the list and if they choose, make an equity investment directly on the site.
To read the original article: FundersClub raises largest seed round in Y Combinator’s history for online due dilligence service | MedCity News
