Today, Facebook named the 25 new recipients of the latest fbFund funding cycle. From a pool of over 600 applicants, fbFund awarded 25 $25,000 no-strings attached grants. Each first round submission was reviewed by an investment commitment comprised of Facebook, Accel Partners, and Founders Fund members.
In the second round, which will run from now until December, users’ voices will be heard. Developer submission videos will be available to the Facebook community and voting will determine the five winners of the additional $225,000 grants.