Today’s early-stage startup funding and acquisitions news:
Fertility-tracking iOS app Glow has raised $6 million in its first funding round from a group of investors that includes Founders Fund and Andreessen Horowitz. The startup was co-founded by PayPal co-founder Max Levchin, and the funding announcement coincides with the app’s debut on the Apple App Store. Glow offers a free fertility tracker to help predict a woman’s daily fertility level. It also offers a service called ‘Glow First’—an optional membership program where the $50/month users pay to participate is pooled and used to pay for fertility treatments for couples who don’t conceive within a specific period of time. It was founded in May of 2013 within Levchin’s development startup, HVF.
Vital Stats:
Website: www.glowing.com
HQ: San Francisco
Founders: Max Levchin, Kevin Ho, Michael Huang
Year Founded: 2013
Investors (this round): Founders Fund, Andreessen Horowitz
Innovation: iOS app fertility tracker and crowdfunding platform for couples in need of fertility treatments.
Total Funding: $6 million
(Sources: Glow, TechCrunch, Crunchbase)
More funding and acquisitions news…
Mover Secures $1 Million In Seed Funding To Expand Its Data Migration And Backup Service (via TechCrunch)
Cyber-Security Company Sentinel Labs Raises $2.5M (via TechCrunch)
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