Dutch startup PeerReach has today announced that it has raised a EUR250,000 funding round from a selected group of angel investors. PeerReach analyses your connections and interactions to determine your interests, expertise and who is most relevant for you. The young startup recently celebrated its first anniversary and launched a beta version of their product earlier this year in April.
The round was raised among three investors: Javest Investment Fund, James Olden and Marc van der Chijs. Van der Chijs is a well-known and successful Dutch entrepreneur who co-founded and ran Chinese Youtube competitor Tudou, which eventually IPO’ed. PeerReach plans to use the proceeds from the round to expand their existing team as well as support its international roll-out.