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Social events marketplace Lifecrowd raises $5M from Lightbank, Bullpen, others

Social events startup has raised $5 million in its first round of funding, with a goal to expand its evolving marketplace that connects like-minded users connect at nearby events, the company announced Thursday. The service has come a long way since it debuted at DEMO Fall 2011 conference. In its build up from beta to its first round, the company has clearly defined its purpose. Unlike www.meetup.com which lets anyone create groups centered around one focus, Lifecrowd offers all kinds of singular events. It also different in that users create the events, but Lifecrowd's team curates the listings to ensure only the best show up. Lifecrowd's first round of funding was led by Chicago-based lightbank, with participation from Bullpen Capital, Baroda Ventures, and Prism VentureWorks. And recently, the company became the first startup to emerge from the relatively new Los Angeles accelerator www.muckerlab.com.