YC Alum Curebit Raises $1.2 Million For Online Referral System

Y Combinator alum Curebit, an online customer referral platform that leverages social media for "word-of-mouth" advertising, has just raised $1.2 million in funding. The investors include 500 Startups, Karl Jacob, Auren Hoffman, Dharmesh Shah, Gordon Tucker, Alex Lloyd of Accelerator Ventures, and others. The funding will be used for continued product development and a slight expansion to the team involving three new hires (two developers, one designer) to the company's now five-person outfit.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/0ntAsirpW2c/

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