Providence, RI stealth mode startup Swipely raises $875K December 3, 2009Posted by HubTechInsider in Startups, Venture Capital.
Tags: Providence, Startups, Venture Capital
Swipely, a Providence, RI-based startup that was quietly launched earlier this year, has raised $875,000 of a planned $1 million equity financing, according to an SEC document filed last week. Angus Davis—a co-founder of the voice-based Internet search and services provider Tellme Networks, which was sold to Microsoft (NASDAQ:MSFT) and became a subsidiary of the Redmond, WA-based software giant in 2007—is listed as an executive and director of the startup. Davis told Mass High Tech in a recent story that First Round Capital, of Philadelphia and San Francisco, led the financing in Swipely. He has declined describing what his startup is doing.