Virtual Investing Platform Receives $1M Funding From Swiss Angel

The virtual investing social gaming platform secured a $1 million investment from Switzerland-based angel investor Joachim Schoss, bringing its total funding to over $2.2 million. Started by three Harvard entrepreneurs in September of last year, the Cambridge, MA-based UpDown also offers a stock market game that gives members $1 million in virtual money to invest and capabilities to share stock tips with other users. Schoss has previously been named Switzerland’s “Business Angel of the Year” and has founded TellSell Consulting and Telcare, which merged with Sykes Enterprises, and in 2004, his latest company, Scout24, was acquired by T-Online for $221 million. Release.

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