Lightbank Adds $1M to Qwiki Round

San Francisco-based Qwiki, which is building an automated multimedia encyclopedia on the Web, said yesterday that it has added $1 million to the $8 million funding around it originally announced in January. The new money came from Lightbank, the investment fund of Groupon co-founders Brad Keywell and Eric Lefkofsky. The startup has now raised $10.5 million altogether, from a combination of individual investors such as Eduardo Saverin, Jawed Karim, and Pradeep Sindhu and institutional investors including Lerer Media Ventures, Tugboat Ventures, and Contour Venture Partners.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

Trending on Xconomy