Tuesday 26 April 2011

DoubleDutch Closes $1.2 Million Investment Round, Led by Lightbank

Enterprise mobile social business startup DoubleDutch today announced it has raised $1.2 million in financing, led by Lightbank the investment fund started by Groupon co-founders Brad Keywell and Eric Lefkofsky. With the seed financing, DoubleDutch will embark on an aggressive expansion of its platform that helps enterprises to launch their own customized geosocial applications for customers, employees, partners and other stakeholders.

Other participants in DoubleDutch's initial capital infusion include Charles River Ventures, Launch Capital, Accelerator Ventures, Venture51, and Zig Capital. Investors such as Eric di Benedetto, Karl Jacob, Russ Fradin, Thanos Triant, Michael Tanne, Robb Wilmot, Adam Schwartz, Antoine Blondeau, Anu Nigam, and Tim Stevens were also involved in the round


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DoubleDutch Closes $1.2 Million Investment Round, Led by Lightbank