Ello announces funding, public benefit corporation conversion and promises to never sell ads or user data in a letter to users. The Foundry Group, Bullet Time Ventures, and FreshTracks Capital provided the funding. Seth Levine from Foundry will be joining the board and states the full support for Ello’s Manifesto and business model on his blog and by signing along with other investors and founders Ello’s Charter.
I’m eager to follow this movement, so come join me (@dnesmith) and let’s watch it grow together.