Monday, May 15, 2006

FundingUniverse Raises Series A

Orem, Utah-based FundingUniverse.com has raised a Series A funding, the company said today. FundingUniverse said the round came from Grow Utah Ventures and Provo Labs. Terms were not disclosed. FundingUniverse is developing a web site that helps investors and entrepeneurs connect, and has been focusing on developing a clearinghouse for seed and angel investments. FundingUniverse said that the funding will help it launch a series of unique products and services. Provo Labs is a web incubator headed by MyFamily.com co-founder Paul Allen. More information »