A Boston startup called RallyPoint has just announced that they’ve raised $1 million dollars from angels in Boston, Washington DC and London reports the Boston Business Journal.
The military focused startup bills itself as “LinkedIn for military”. Currently serving members of the armed forces can create an individual profile and grow their professional network within the military. It’s a great way to connect service men and women with others they may have served with at different bases and on different tours. It’s also a great way to keep up with those folks as service men and women move about the country and around the world.
RallyPoint officially launched on Veterans day with a warm reception across the country. In fact, there’s been a major push to encourage military men and women to become entrepreneurs and launch their own startups.
Earlier this year Techstars held a “Patriot Bootcamp” in Washington DC which recruited military men and women to have a three day crash course in entrepreneurship and starting up at Georgetown University.
Startup America also launched a veteran’s initiative on Veterans day, spearheaded by a leadership team which includes veteran and Apprentice 2 star Kelly Perdew alongside other influencers in the military startup community.
Since launching earlier this year RallyPoint has raised a total of $1.55 million dollars. They raises $550,000 prior to launch back in April. In October they won $100,000 as part of the MassChallenge program and now they’ve raised another $1 million dollars.
“Some of the new investment funds will help us spread the word to active U.S. military personnel about RallyPoint’s value proposition, accelerate RallyPoint member acquisition, and also expand our efforts to partner with trusted employers, academic institutions, and brands to connect them more precisely and cost effectively with the right service members at the right time,” RallyPoint CEO Yinon Weiss told the Boston Herald.