Jelly Industries, a startup from Twitter co-founder Biz Stone, has closed a Series A round led by Spark Capital. SV Angel also invested, according to an announcement on Jelly’s site. Other investors in the company include Jack Dorsey, Square’s co-founder and CEO; Bono; Reid Hoffman of Greylock Discovery Fund and Al Gore. Stone is co-founder and CEO of Jelly, which is based in San Francisco.
ANNOUNCEMENT
A group of jellies is called a bloom, and this group just closed its Series A. Our round was led by Spark Capital with additional investment by SV Angel. With this investment, Spark General Partner Bijan Sabet joins Jelly’s board of directors. We’re also proud to announce a group of committed individual investors who share our optimistic worldview and believe in our vision.
Jack Dorsey, Co-founder and CEO of Square
Bono, Musician and Activist
Reid Hoffman with the Greylock Discovery Fund
Steven Johnson, Author and Entrepreneur
Evan Williams and Jason Goldman via Obvious
Al Gore, Politician, Philanthropist, Nobel Laureate
Greg Yaitanes, Emmy Winning Director
Roya Mahboob, Afghan Entrepreneur and Businesswoman
We chose angels like Al Gore, a Partner at KPCB and Chairman and Co-founder of Generation Investment Management, Greg Yaitanes, a Hollywood director, and Roya Mahboob, an entrepreneur doing amazing work for women in Afghanistan partly because they work in divergent fields. Knowledge diversity is something we prize highly and is also something that will be represented in our product.
As mobile devices have taken an increasingly central role in our lives, humanity has grown more connected than ever—herein lies massive opportunity. With this capital raise, Jelly has the means to hire more great talent and continue building what we think of as the natural next step for our connected society. We will share more about Jelly from a product perspective when we move beyond early prototyping.
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