Let's tag that $700K as 'funding'

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Last week was a big one for Wesabe. We closed a $700,000 round of funding from O’Reilly Alpha Tech Ventures, (OATV) Mark Fletcher, Freeman Murray and some very supportive angels. One of the things that made this funding so cool is that everyone involved in the deal knows each other quite well (Marc was an entrepreneur-in-residence at OATV and they were the first firm we spoke to when we formed Wesabe). They have watched Wesabe grow from the seed of an idea to a company of nine people, and the team has appreciated their support along the way.

We’re also excited to announce that Tim O’Reilly (of O’Reilly Media) has joined our Board. Anyone who knows Tim can tell you – he’s the real deal. We greatly look forward to his input as Wesabe evolves and see his deep understanding of the social and collective aspects of the web as a real asset.

The money we’ve raised is going to be spent on product development, so please keep sending your suggestions for how we can make Wesabe better.

4 Responses to “Let's tag that $700K as 'funding'”

  1. Ian McKellar Says:

    Congratulations! That’s a great step forward and a great vote of confidence in you guys and the product!

  2. dave mcclure Says:

    congrats jason & team… nice folks to have on board 🙂

  3. Marc Hedlund Says:

    Thanks much, guys!

  4. Dan Pickett Says:

    Congratulations guys! It’s a great idea with so much potential – I’m glad some VC’s were able to see that.

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