UpDown.com Raises $1 Million from Swiss Angel Investor - Cambridge, MA

UpDown.com, the Cambridge-based provider of a social network for “virtual investing,” has raised a $1 million investment from Switzerland-based angel investor Joachim Schoss. UpDown.com provides a platform for investors to improve their skills through collaboration and competition, with no risk of losing money. The company was founded by three Harvard entrepreneurs. Schoss previously founded TellSell Consulting and Telcare, which merged with Sykes Enterprises. In 2004, his company Scout24 was acquired by T-Online for $221 million and he is currently the main investor of 6S Capital.

http://www.updown.com