Spark, Lightbank And Yuri Milner Get In On OnSwipe's $5M 'Series Awesome'
And they’re really calling it a Series Awesome; Co-founder Jason Baptiste explained the need to raise even more cash, “We realized what we are building is a larger opportunity than we ever thought while growing at a breakneck speed. In order to own the market we went out and raised a Series Awesome from the best group of investors possible that share our goal of world domination. And yes…the legal docs actually say Series Awesome.”
Onswipe most recently announced a partnership with WordPress.com to power the tablet experience of over 18.5 million blogs via the service. Threewords.me cofounder Mark Bao has also just joined the team as a CTO and Baptiste hopes to use the funding to scale his current team of 10 to 20-25 people in the next year, introducing a mix of engineering and business development positions.
Baptiste tells me that the service will launch fully on June 21st with “killer” (read: companies you’ve actually heard of) brand partnerships and “myonswipe,” a feature that allows Instapaper-like offline reading, all done in browser and in HTML5.
Actual term sheet cover page below. Stay tuned.