startups, deals, IT

$875K for Swipely

Ryan McBride 11/16/09

Swipely, a Providence, RI-based startup that was quietly launched earlier this year, has raised $875,000 of a planned $1 million equity financing, according to an SEC document filed last week. Angus Davis—a co-founder of the voice-based Internet search and services provider Tellme Networks, which was sold to Microsoft (NASDAQ:MSFT) and became a subsidiary of the Redmond, WA-based software giant in 2007—is listed as an executive and director of the startup. Davis told Mass High Tech in a story this morning that First Round Capital, of Philadelphia and San Francisco, led the financing in Swipely. He declined to describte to MHT, or when reached by phone this afternoon, what his startup is doing.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.