The company raised a $385,000 seed round from Passion Capital and Index Ventures (€280,000) and an undisclosed Series A round from Wellington Partners and existing investors.
Readmill then began offering a limited number of invites, and at the same time announced seed funding from London's Passion Capital, and Index Ventures to the tune of €280,000.
One of the most active, liked and respected early stage investors in Europe, Read, has worked alongside all the top tier investors (Accel, Balderton, Index, Passion, Seedcamp, Sequoia and Venrock, among others).
Coutts, bankers to the rich, runs an index of "passion investments" and found that in the nine years from 2005 through to 2014 classic cars made a 399% gain.
Readmill's staff of 10 is backed by Index Ventures, Passion Capital and Wellington Partners.
It's also announcing it's had seed investment from Index Seed, Passion Capital to the tune of €280,000.
The most influential venture capital firms in London were identified as Index Ventures, Passion Capital, and The Accelerator Group.
We've got several great speakers lined up for Disrupt — folks like brothers Neil and Danny Rimer from Index Ventures, Passion Capital Partner Eileen Burbidge, Lulu Founder Alexandra Chong and Delivery Hero CEO and co-founder Niklas Östberg, to name just a few.
The company — backed by Index Ventures, Passion Capital and Creandum; and angel investors Peter Read, Wrapp's Andreas Ehn, Soundcloud's Eric Wahlforss and Alexander Ljung, and Path's Dave Morin — decided that its service needed to be streamlined and "easier to understand," according to Martina Elm, communications manager for the site.
