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Woofound raises $1 million in new investment

Woofound found something, alright: cash.

The Baltimore County tech startup said today it raised $1 million in its latest round of funding. The investment came from unnamed private investors, and a $75,000 injection from Maryland TEDCO, a quasi-state agency that invests seed money in tech startups.

Woofound's first product is a free iPhone app "that uses a signature visual personality game to match people to places and things to do based on their personality and preferences."

The company is also working on a career application with the University of Maryland Baltimore County and Towson University, which will help match students with possible careers that fit their personalities.

Woofound was founded in April last year and has already raised $2.2 million from investors

The company disclosed in an SEC filing in July that it intended to raise $2 million in its latest round. A company spokesman said Woofound initial goal was indeed to raise $1 million from angel investors, while another upcoming round will target institutional investors for more funding.




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