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$1M Gratuity for TipJoy

Cambridge, MA, startup Tipjoy, a Y Combinator-launched company whose technology allows Web surfers to leave small payments at the blogs of their favorite content creators, announced on its own blog this week that it has closed a $1 million Series A funding round. The round was led by New York-based seed stage investor Betaworks and also included the Accelerator Group, David Shen Ventures, and private investors Chris Sacca, Taavet Hinrikus, and Ron Bouganim.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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