Portland’s OnTheGo Platforms today announced that it has raised a $700,000 seed round from SK Ventures, Rogue Venture Partners, Social Leverage, Portland Seed Fund and GMO Cloud. Also included in this round is a $330,000 commitment from Foundry Group‘s FG Angels AngelList Syndicate, which marks the first investment by the firm’s Syndicate fund on AngelList.
According to Foundry Group’s managing director Brad Feld, the firm has committed $2.5 million to make around 50 investments in companies listed on AngelList between now and the end of 2014. “Over the years, we’ve had many entrepreneurs ask if they can invest alongside us. We’ve never had a side fund – this is our first experiment with it,” Feld said in a statement about today’s investment. FG Angel actually committed to the investment 60 days ago, but it took a while to “work through all the AngelList process dynamics, legal docs, and Syndicate formation dynamics.”
OnTheGo believes the current smart glasses experience on devices like Google Glass is fundamentally broken. Users shouldn’t have to use a touchpad to interact with the device. Instead, OnTheGo’s vision, as it’s CEO Ryan Fink explained today, is to use the glasses’...