Back in October Facebook announced the 25 winners of fbFund, each of which has received $25,000 to develop their application further. That was only one round of fbFund; now, 5 winners have been chosen, with each receiving additional $225,000.
fbFund is a 10 million dollar seed fund which is a little different than traditional seed funds; the startups that receive grants keep 100% equity, however Facebook, together with its partners - venture capital firms Accel Partners and Founders Fund - has the first rights to invest in these startups in case they seek additional funding.
The winning startups are:
GroupCard - GroupCard lets users rally their friends to sign the same printable online card to celebrate any occassion. Each friend can add a message, upload photos or audio, and even make a gift contribution. GroupCard started at Stanford, and is already used by thousands of groups worldwide.
Kontagent - Kontagent is the leading viral analytics platform for social network application developers. Kontagent analytics provides deep social data visualization and analysis that delivers actionable insights delivered via a hosted, on-demand service.
HitGrab - MouseHunt, a HitGrab creation, is a game of epic proportions. Players are hunters, hired by the king to trap mice that infest his kingdom. For each mouse caught, users will find a reward, bringing them closer to being the best MouseHunter in the land.
WedSnap - WedSnap created Weddingbook, a social network on Facebook for those preparing for a wedding. Brides and grooms meet on Weddingbook to get advice, support, and inspiration during their engagement and wedding planning process.
Wildfire - Wildfire enables consumers to discover, share and engage with interactive promotions like contests, sweepstakes and give-aways and enables companies to easily create their own attractive, branded promotions that are automatically integrated with Facebook’s social features.
Back in October Facebook announced the 25 winners of fbFund, each of which has received $25,000 to develop their application further. That was only one round of fbFund; now, 5 winners have been chosen, with each receiving additional $225,000.
