Foundry Backs Spare5, Feld Joins Board
Boulder-based venture investor Foundry Group has put its money behind a developer of a mobile app, which allows experts in certain areas to get paid on their spare time, for tagging photos and cleaning up data. Seattle-based Spare5 said this morning that it has raised $3.25M in a seed funding round, which was led by New Enterprise Associates, and also included The Foundry Group, Madrona Venture Group, and angels. Spare5 pays experts to tag photos with more information--such as architectural styles for houses, fabrics used in images, and other similar tasks. Foundry's Brad Feld joins the company's board with the funding.
posted on Monday, December 8, 2014 (Link to more information)
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