Crowdtilt Raises $12M in Series A Financing
Summary
Crowdtilt, a San Francisco, CA-based platform for funding group activities, experiences, and purchases, raised $12m in Series A financing.The round was led by Andreessen Horowitz, with participation from Sean Parker, SV Angel and DCM, CrunchFund, Elad Gil, Alexis Ohanian (Reddit founder), Matt Mullenweg (WordPress founder), Naval Ravikant (AngelList), Dave Morin, Sam Altman, and Justin Kan (Justin.tv founder).In conjunction with the funding, Jeff Jordan (Andreessen Partner), will join the company’s board of directors.Co-founded by James Beshara and Khaled Hussein, Crowdtilt is an online platform that allows groups to pool money with their friends or their community for an objective or event they care about.Once the campaign reach the target, everyone’s cards are charged, and users get the funds via direct deposit.