The start-up, a graduate of the Y Combinator incubator program, got off the ground in February. It has financed $1 million through the site and attracted 10,000 users.
And on Thursday, the company announced that it had raised its own financing from a number of well-known venture capital firms and investors, including Y Combinator, SV Angel, CrunchFund, Dole Capital, Paul Buchheit and Alexis Ohanian, one of the founders of Reddit. The start-up raised a total of $2.1 million for a seed round of financing.
Originally, Crowdtilt was intended to help raise money for charitable causes. But most users were flocking to the service as a way to rally their friends around plans for vacations, cross-country trips, party buses, even helping friends pay for their wedding.
“We retooled it for what our users were doing,” said James Beshara, the chief executive and a founder of the service.
Proud investor - and user! Remember breadpig's Lamar Smith billboard?