Deals

500 Startups announces another $250k micro-fund for CrowdFlower startups

500 Startups, a seed fund and startup accelerator in California, announced today that it is launching another $250,000 fund for micro-investments in startups using the CrowdFlower cloud-computing and on-demand labor architecture.

CrowdFlower takes a slightly unique spin on cloud computing by offering an outsourced workforce in addition to the traditional computing power. The on-demand labor service provides businesses with a pay-as-you-go labor force that will, in theory, do all the things a human being does best.

The new seed fund allows 10 startups using the CrowdFlower architecture to acquire up to $10,000 in funding in exchange for a one percent equity stake. A few of them will also receive $50,000 and be entered into another startup accelerator program in Mountain View, Calif. — though there aren’t any details on that program just yet.

The announcement comes a little more than a week after 500 Startups announced a similar $250,000 micro-investment fund for startups using the Twilio voice and text-messaging APIs.

Application submissions for the CrowdFlower fund opened today, and 500 Startups is accepting them on a rolling basis. 500 Startups currently hosts a number of startups like Tello, a customer service rating app that strutted its stuff at TechCrunch Disrupt last week, and online teaching platform Udemy.

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