Monday, August 27, 2012

Maveron-backed Swaylo Acquired By Facebook

A San Francisco-based startup, Swaylo which is backed by Maveron Capital, has been acquired by social networking giant Facebook. Threadsy, the firm behind Swaylo, said in a blog post over the weekend that it will become part of Facebook, but will be shutting down its service to consumers, but with its SwayloPro service continuing to operate as a separate, independent company owned by its current investors. Financial details of the sale were not announced. Other investors in the firm with Maveron are August Capital.