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Crowdly Clears More Equity Venture Capital

Thursday, May 26, 2016 5:02:00 AM PDT | VentureDeal



Boston, Massachusetts  --  Marketing technology company Crowdly has received $377,000 in new equity venture capital financing, according to an SEC regulatory filing.

Crowdly has developed what it calls "advocate marketing" technologies to help companies build word-of-mouth business from their influential brand advocates.

The company has created an advocate management platform for the Facebook social network and cites numerous well-known consumer brands among its customers.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

A total of 45 investors participated in the offering as amended.

Crowdly is still seeking $630,000 in additional equity investment, according to the filing.

CEO Dan Sullivan founded the company in 2012.

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