Michael Arrington’s CrunchFund has invested in Prism Skylabs. Prism Skylabs brings physical spaces online, creating new places for people and businesses to understand and engage each other.
Arrington made the announcement in a Twitter update: Excited to announce the very first #CrunchFund investment @PrismSkylabs
CrunchFund is an early stage venture capital firm founded by Michael Arrington and Patrick Gallagher. The fund invests in and works with information technology companies at any stage but is primarily focused on seed and early stage investments.
The firm raised its inaugural $20 million fund in September of 2011. Investors in CrunchFund include AOL, Accel Partners, Austin Ventures, Kleiner Perkins Caufield & Byers, Greylock Partners, Redpoint Ventures, Sequoia Capital, the founding partners of Andreessen Horowitz, each of the general partners of Benchmark Capital, Ron Conway, Yuri Milner & Kevin Rose.