Breaking: AceBucks Raises Second Round of Funding

Just one month ago I broke the news about Buddy Media raising $1.5 million from a powerhouse team of investors. Just today, Buddy Media closed a follow-on investment round with Bay Partners, the manager of the AppFactory fund. Michael Lazerow, CEO of Buddy Media, told me that they took an additional $200K so that they could work closely with all AppFactory companies to integrate their AceBucks application.

Since raising the initial series of funding, AceBucks has been adding over 11,000 users a day. This growth is crushing all of the competing currencies. Buddy Media is also working on building their relationships with other applications across Facebook to enable Acebucks integration. Acebucks has been working on launching an API in the near future as well as rolling out a number of other new features.

Acebucks has been working on building a virtual store that enables users to buy and sell real good for Acebucks. The new store will be officially released in the coming weeks. While Acebucks is exposed to significant inflationary risk, the powerhouse team of investors and strategic alliances gives Acebucks the leading edge in the world of Facebook currencies.