Sponto makes a mobile event-sharing and party-discovery app that leverages smartphones' GPS to help students discover, publicize and meet up at parties, concerts and other gatherings in real time. The service is currently in beta and is open only to students at the University of Maryland with a UMD.edu email address. The company secured $200,000 in initial equity financing from Amplifier Ventures and joined Amplifier's Business Accelerator Program as part of the investment. The funding is earmarked to complete the first commercial release of the Sponto event-sharing platform in the second quarter of 2011, to expand to new schools, and to grow the team. No revenue or broader user metrics are disclosed in the article.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2011