Twitter co-founder Biz Stone’s startup Jelly still hasn’t revealed a product — it hasn’t even hinted at a direction — but the startup has announced a good deal of news over the past month. On Thursday, the company announced in a blog post that it raised a Series A funding round for an undisclosed amount led by Spark Capital with investment from SV Angel.
A wide variety of angel investors participated in the round, possibly emphasizing the “social good” concept Stone hinted at in his intial launch post. Stone, who co-founded Twitter, has only described Jelly as a company with an eye for “social good” that takes advantage of the proliferation of mobile devices.
The investors include fellow Twitter co-founder and Square CEO Jack Dorsey, U2 musician and activist Bono, Greylock’s Reid Hoffman, former Vice President Al Gore, and Emmy-winning director Greg Yaitanes, among several others.
“They work in divergent fields,” Stone wrote. “Knowledge diversity is something we prize highly and is also something that will be represented in our product.”
Stone has been building up a good deal of ex-Twitter talent at the company, and the funding announcement noted that they would use the addition funding for hiring as they continue protyping a product before launch. Earlier this month, Stone announced that he added a COO in Kevin Thau, the Twitter executive who launched Twitter #music, and a co-founder and CTO in Ben Finkel, formerly engineering manager at Twitter in charge of user growth.
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