Ad-free Social Network Ello Raises $5.5 Million In New Venture Funding by @mattsouthern

By Matt Southern

Ello, the new social network that whose mandate is to never display ads or sell user data, just completed a round of venture funding where they raised $5.5 million. Re/code originally reported this news, which they received from Ello CEO Paul Budnitz. According to Budnitz, the funding will be put towards building the back-end infrastructure to better support Ello’s rapidly growing user base. Ello has gained hundreds of thousands of users in only a matter of weeks. Ello is invite only, and At its peak the social network was receiving up to 50,000 invite requests per hour. Ello even had […]

The post Ad-free Social Network Ello Raises $5.5 Million In New Venture Funding by @mattsouthern appeared first on Search Engine Journal.

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Source:: Search Engine Journal

      

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