Passion Capital, PROfounders Capital and Alexios Vratskides invest in start-up communications platform for young women.
8th November 2011, LONDON, UK - Luluvise is pleased to announce that it has raised $1 million in equity financing from Passion Capital, PROfounders Capital, and prominent angel investor Alexios Vratskides.
Luluvise is a social and communications platform dedicated to young women and their best friends – a new space dedicated to “girl time, all the time.” www.luluvise.com allows young women to hand pick their closest friends and create a private network of the friends they actually care about. The company’s mission is to re-create the patterns of close female friendship online.
Michael Birch, PROfounders Capital Investment Partner and Luluvise Advisor said, “After being involved with social networking and media for so many years, I’m thrilled to see a space dedicated to the largest market – women – finally coming about. Alexandra and her team are uniquely focused and positioned to make Luluvise the ultimate space for women everywhere. We’re extremely proud to be involved.”
The Luluvise platform streamlines “girl time” activities – talking, sharing, gossiping, and shopping – through a unique online space that aggregates email, SMS, instant messages and other digital modes of communication in one secure and trusted place. All of this is targeted to the most expressive and communicative demographic online: women, who generate more than 70% of the messaging activity on Facebook, spend more than 35% more time on social networks than men, and drive 80% of all consumer spending.*
Alexandra Chong, CEO and Founder of Luluvise, said "This is a wonderful milestone for Luluvise, and for young women everywhere. We have assembled a first-class team of talented investors and advisors, and are excited to launch our service in coming weeks."
Founded in 2010, Luluvise is a new space dedicated to young women to discuss what really matters, with the friends who matter most. The company’s mission is to re-create the patterns of close female friendship online with its unique female-centric tools and features. www.luluvise.com
About Alexandra Chong
Alexandra is Founder and CEO of Luluvise, launching in November 2011. Previously Alexandra was Global Head of Marketing & PR for Upstream and Director at the Corporate Executive Board. Outside her work achievements, Alexandra is a member of the Ladies First team at Queens Tennis Club in London, and previously represented Team Jamaica in the Federation Cup.
About Passion Capital
Passion Capital is the early stage VC fund formed by prominent angel investors Eileen Burbidge, Robert Dighero and Stefan Glaenzer, who have more than 50 years’ collective experience in entrepreneurial, founding and executive operational roles in technology firms.
About PROfounders Capital
PROfounders Capital is a venture capital fund for entrepreneurs powered by entrepreneurs. Its investors and principals number some of the best-known players within the digital media space – people who have built some of Europe’s most successful companies, including Bebo founder, Michael Birch, who is a Luluvise advisor.
About Alexios Vratskides
Alexios Vratskides is CEO and Co-founder of Upstream and a pioneer in mobile marketing.
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