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Report: Sequoia Capital Invests In App Developer Bump Technologies

Bump Technologies, the mobile app development firm behind the popular iPhone app that lets people tap their phones together to exchange information, has raised its first round of funding from Sequoia Capital, TechCrunch reports. Sequoia Capital Partner Greg McAdoo gave a presentation this weekend where Bump was listed as one of the startups that the VC firm backed this year. A source tells TC that the round was worth $3 million; Bump Technologies did not respond to a request for confirmation.

Backed by seed funding from tech incubator Y Combinator, Bump Technologies is developing other apps that use its information exchange interface. The startup was founded in October 2008 by David Lieb, Andy Huibers, and Jake Mintz, a trio of engineers.