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Social networking startup eegoes LLC has closed on a $1 million second round of funding, which the company said in a release will be used to complete the development of its portal, eegoes.com.
Involved in the funding round, according to the release, was Projectra Ltd., represented by Frederick Igbinedion; GTA Capital SA, represented by Christophe Couasse; and Rainbow Holding Co. LLC. Specifically, eegoes said that the new money was needed to finish development of its mobile smartphone application.
With dual headquarters in Boston and in Switzerland, eegoes has described its “back to basics” approach to social networking as a “micro-blogging environment with discussions themed around (users’) areas of interest.”
Last October eegoes was picked to participate in the SwissMedia incubator program for IT and multimedia startups. Based in Switzerland, the program is operated by the Swiss Association of Information Technology and Multimedia. SwissMedia offers business, financial and legal assistance to members, as well as networking opportunities with potential investors.
The company took in its first institutional funding in July of 2010, raising $500,000 from Swiss investors Mac Invest SA and a private investor named Ramzi Chamat.
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