Wednesday, March 19, 2014

FG Angels Invests In Crowd Driven Concert Service RABBL

The investments are coming hot and heavy for Boulder-based Foundry Group's angel investment syndicate effort, FG Angels, with the venture firm saying that the angel fund has invested in RABBL. RABBL--which is based in San Francisco--operates an online service to allow bands and fans to pre-sell tickets to potential shows, letting the dollars committed by fans determine where their next shows will be, and also helping to manage booking a venue for those bands. The investment round was worth $339,631. FG Angels is an effort by the Foundry Group to tap into the popularity of angel investment site AngelList, which is now allowing individual angels to sign up as part of a "syndicate" of investors which automatically invest in companies made by a company--in this case, Foundry Group. More information »