Tuesday, August 25, 2015

Foundry Re-Ups On Spare5 For Micro Work App

Boulder-based venture investor Foundry Group's latest investment, Spare5 is looking to help anyone with an iPhone earn some money in their spare time--and help companies with their difficult to automate tasks. According to Spare5, a Seattle startup, Foundry Group, along with Madrona Venture Group and New Enterprise Associates, have funded the company in a Series A to the tune of $10M. The company develops an iPhone app which presents small tasks--adding keywords to a photo, correcting data entry, discerning a fuzzy scan, and son on--all things that are difficult for computers, but easy for humans. Foundry Group was one of the seed investors in Spare5 in an earlier round in December of 2014. More information »