FundersClub, a US-based company that lets individuals back start-ups, has raised $6m in its seed round from a consortium including chip maker Intel’s corporate venturing unit.
FundersClub selects start-ups and then lets its members, who have an annual salary of more than $200,000 or net worth of over $1m, invest online.
The angels’ money is pooled together and invested under the FundersClub name, as one entity.
Since launching in July after incubation at Y Combinator, FundersClub start-ups have collectively raised millions of dollars and it has 3,400 registered members. FundersClub raised its initial $529,000 in capital using its own platform.
Alongside Intel Capital in the seed round were venture capital firms First Round Capital, Draper Associates, Felicis Ventures, Spark Capital, Digital Garage, Andreessen Horowitz, Start Fund, SV Angel, and General Catalyst Partners. Angel investors in the round included Chris Dixon from Founder Collective and Box chief executive Aaron Levie, according to news provider VentureBeat.
In its blog, FundersClub said it was expanding across the Us and internationally and would be touring: San Francisco, New York City, Boston, Philadelphia, Chicago, Los Angeles, Washington DC, Vancouver, London, Paris, Madrid, Milan, Berlin, Sao Palo, Santiago, Shanghai, Mumbai and Tokyo.