re/code for Ello

October 23, 2014

Ello, the ad-free social network that promises users it will never sell their data, has raised $5.5 million in new venture funding, according to CEO Paul Budnitz.

The round was led by Foundry Group in Boulder, Colo., and comprises a number of additional institutional and individual investors, including another Boulder-based firm, Bullet Time Ventures.

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