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Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

December 16, 2010 at 5:15 PM

Investing startup Kapitall raises $7.3 million

Online investment site Kapitall is announcing Friday that it raised $7.3 million in its first financing round.

Kapitall runs an online investing site that has drag-and-drop tools and social media featurres. It’s designed to appeal to younger investors.

The company was started in New York by veteran game developers. It’s team now includes a former Apple interface designer, Cordell Ratzlaff, and Stephan Roche, former Sharebuilder general manager.

Kapitall’s headquarters are split between New York and Seattle, where Roche and four other employees are based. Altogether the company has 13 employees.

Investors in the round include Bendigo Partners, a firm started by the former president of E*Trade; Strauss Zelnick and ES & Partner Ventures in Stamford, Conn. The deal also involves the conversion of $5.5 million in previously issued promissory notes.

Comments | More in | Topics: entrepreneurs, investing, kapitall

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