Flogs VC funding delayed #ical #calendar
Flogs, which offers a shared calendar and digital organizer system, went through another round of funding recently. They had already received €2M[1] VC funding from Lost Boys, Media Republic and Guerilla Games. The VC, who I have not been able to identify, has delayed the capital injection which Flogs currently needs. The VC cited the “current economic climate” as reason for the delay.
For Flogs, who are in their second year and have yet to turn a profit, this has meant that the purse strings are being pulled tight, which means they are losing some of their current staff.
Flogs are still looking for developers: Jobs @ Flogs
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February 7, 2011 at 1:48 pm