Social platform for virtual investing UpDown.com announced that it has secured $1 million investment from Switzerland-based angel investor Joachim Schoos. Dubbed by mainstrea, media outlets as “fantasy football meets the trading floor,”
UpDown.com was launched by three Harvard entrepreneurs in September
2007 and currently has more than 70,000 registered members.
The new investment, combined with previous funding, brings the company’s total
funding to over $2.2 million.
UpDown.com is the only free investment platform that allows members to earn money with zero risk of financial loss. The stock market game lets members learn the ins and outs of Wall Street by giving members $1,000,000 in virtual money to invest. UpDown.com provides a platform for investors to improve their skills through collaboration, competition and aggregated wisdom – including stock tips from other members.
Originally posted on September 9, 2008 @ 10:44 am