FundingUniverse.com reaches 300 Investor Plateau

Provo, UT - FundingUniverse.com registered its 300th angel investor earlier this week, marking a period of tremendous growth for the site. One hundred investors have joined the online dealflow provider during the last four weeks.

“Finding substantial dealflow typically requires investors to hire a staff, build a website, and spend hours each month searching for quality business plans,” said Marketing VP Jeff Jordan. “So it’s no surprise that FundingUniverse.com’s free services have attracted so many investors.”

FundingUniverse.com enables angel investors and angel groups to draw from hundreds of business plans posted on the FunidngUniverse.com family of sites, and invest in the most promising proposals. More than 2,000 entrepreneurs have posted nearly 500 business plans on the site during the last six months. FundingUniverse.com’s 300 investors make approximately $270 million available to fund-seeking entrepreneurs

The site’s inventive DealFlow Suite service enables investors to sort through business plans, adding their comments for other investors to see. Angel groups can send their favorite business plans along to others in the group with their thoughts attached. In addition, angel groups may use the site to evaluate plans that have been submitted to them privately through FundingUniverse.com.

FundingUniverse.com was started by MyFamily.com founder Paul Allen (no relation to Microsoft’s Paul Allen) and former Novell General Counsel David Bradford in April of 2005. Their creation has helped entrepreneurs meet dozens of angel investors throughout the nation this year.

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