Ello gains momentum with £3.4m funding round – investors show interest in the ad-free, data-responsible social network
Mysterious social network Ello, a beta site which vows to never sell user data, has raised £3.4m in its latest round of funding.
The start-up, which came to prominence in the media as an ethical alternative to Facebook’ in September, has mustered substantial financial support to the tune of £3.4m.
The site will offer a freemium service to users in a bid to recoup some of the investment with investor, Lee Bouyea, of Fresh Track Capital telling the BBC: “There are ‘freemium’ successes like Linked In and in gaming. Ello is taking a unique spin on this.
“We are long-term investors. Read full story ›
Source: The Drum
