VCs and Angel Investors Invest Over $20 Million in Pure Play Twitter Startups
Twitter, the well-funded startup which has amassed $55 million from various angels and VCs, has ascended into the world spotlight over the past six months. The increased interest in Twitter has corresponded with an equally dramatic increase in the number of Twitter-related applications and startups. While most of these startups/apps are not angel- or venture-funded, there have been some notable investments in startups that are primarily predicated on Twitter, e.g. pure play Twitter startups. In fact, to-date, $23.27 million has flown to 11 such Twitter-based startups from a variety of angel investors and venture capital firms (data taken from CB Insights as of the first week of June).
We wanted to take a look a closer look at this investment activity to understand the types of Twitter-related startups being funded, the amounts of funding, the investors backing them as well as overall trends and implications for such startups going forward.
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