MicroFundr, First Pan-European VC Fund, Will Use Twitter For Funding Process
Small Change Venture Capital is launching MicroFundr which will invest up to €14,000 Euros (USD $18,500) in Micro blogging start-ups and uses Twitter for funding process.
The Invest Fund raised just under €14 million (USD $18m) from a group of small banks and informal investors. A joint group of European blogs, including ArcticStartup(that's us!), The Next Web, TechCrunch Europe and TechCrunch France are happy to announce the launch of the MicroFundr investment fund aimed at European small, mini and micro start-ups. We are honored to be part of such a high quality group of European blogs.
We are also excited about the new innovative way a startup can submit its application - via Twitter! As this was presented ot us it only made sense, since the best startups can communicate all they need to only in a few slides anyway, so why not to use something that helps the startups to be consice. We reiterate what Dick Vogels, VP for Small Change Venture Capital, based in Amsterdam, Netherlands, says:
