Y Combinator Raises $8.25 Million

Posted May 21, 2010

Y Combinator, the successful incubator firm started by Paul Graham has raised $8.25 million in funding from Sequoia Capital, Ron Conway, Paul Buchheit, Aydin Senkut, XG Ventures, and Geoff Ralston. Last year Y Combinator raised $2 million. Y Combinator plans to increase the number of companies that they provide start-up funding to. Since starting in summer 2005, Y Combinator has invested in about 207 startups. [TechCrunch]