Crowdtilt, a US-based online service for crowd funding, has raised $12m in its series A round from a consortium including CrunchFund, backed by media group AOL.
Venture capital firm Andreessen Horowitz led the A round, which also included VC peer DCM and angel investors and networks Sean Parker, SV Angel, Alexis Ohanian, Elad Gil, Naval Ravikant, Sam Altman, Matt Mullenweg, Dave Morin and Justin Kan.