Tango Card Raises Another $4.1M As Gift Cards Get More Enterprising
Tango Card, the Seattle-based startup that aggregates digital gift card services from dozens of companies like Amazon, Nike, Target, iTunes, charities and more, has raised $4.125 million in a Series B round of financing led by Allegro Venture Partners. Floodgate, Swan and Legend Ventures, and existing investors Western Technology Investments and Innovation Endeavors, the early-stage fund co-founded by Google chairman Eric Schmidt, as well as a strategic investor that Tango Card cannot disclose, also participated in the round. A Form D from Tango Card filed with the SEC for $5.452 million includes both this round along with some of the money raised in Tango Card's previous venture round. To date, Tango Card has raised $6.925 million.
Fashion Project, The Site Making Online Shopping A Charitable Act, Raises $1.8 Million In Seed Funding
Recent TechStars Boston grad Fashion Project has a different take on the second-hand apparel market. It operates an online store where women can donate their high-end designer items, and others can re-purchase them for less than retail, knowing that the majority of sales are donated directly to charity. The company has now attracted the interest of investors, too, and days ago closed on $1.8 million in seed funding from Atlas Ventures, High Peak Ventures, Schooner Capital, and other angel investors.
Spanish Princess Is Subpoenaed in Embezzlement Case Involving Her Husband
A judge subpoenaed Princess Cristina, the daughter of King Juan Carlos, as part of a widening investigation into whether her husband embezzled millions of euros from a sports charity.
Y Combinator-Backed Prizeo Helps Celebrities Tap Their Fans For Charity Fundraising
Prizeo is a startup aiming to channel celebrities' social media influence into funding for charity. Co-founders Bryan Baum and Leo Seigal are familiar with the fundraising world, having founded the Aloysius Society, a student philanthropy organization, while at Oxford. (That's also where they met their co-founder and CTO Andrej Pancik.) They say the group raised more than $1 million at its charity events, but Baum argued that ultimately, the model was "not scalable."
YC-Backed Humble Bundle Launches Pay-What-You-Want Weekly Deals, Starting With Bastion
The Humble Bundles have been an amazing deal for gamers. Today, the company behind the bundles announced that they would introduce a new weekly sale, in addition to the usual bundles that happen every month or so. Everything else remains the same — pay what you want to get DRM-free downloads of indie games that work on Windows, Mac and Linux. A small customizable part of every sale goes to two charities as well. The first weekly sale is Bastion, a game that was part of a previous bundle. But for the weekly deals, Humble Bundle introduced a new tier system that is very reminiscent of how Kickstarter works — the more you pay, the more you get. For example, you can choose to only pay $0.01 to get Bastion. But if you pay $1 or more, you’ll get a Steam key. If you beat the average (currently $2.63), you’ll get the soundtrack, artworks, ringtones and sheet music. Finally, if you pay more than $25, the company will deliver merchandise to your home, such as a soundtrack CD and postcards. ...