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March 20, 2013 at 6:26 PM
Realty Mogul, a Microsoft Accelerator alum, goes live
Realty Mogul, one of the startups that participated in the last round of the Microsoft Accelerator program, launched today with news of seed funding and its first success story.
The company, which focuses on crowdfunding for real estate, said it recently closed half a million dollars of seed investment from Seattle-based investors, and that AH Capital, a real estate investment company, had raised $110,000 using Realty Mogul while it was in private beta.
Realty Mogul was one of 10 companies that took part in the Accelerator program, a partnership between Microsoft and tech incubator TechStars that provides seed money, mentoring, technical support and networking opportunities to startups that create new business applications using Microsoft technologies. The last round, which took place in fall 2012, focused on Windows Azure.
There have been other success stories from that round. Earlier this month, Microsoft announced it would be acquiring Bellevue-based MetricsHub, another of the 10 startups, and incorporating it into Azure.