Crowdfunding site Indiegogo last month had a round of layoffs affecting a small percentage of employees, VentureBeat has learned.
The news comes shortly after Indiegogo announced that cofounder Slava Rubin was stepping aside as CEO and passing on the role to Dave Mandelbrot, who had previously been the company’s chief operating officer.
“A few weeks ago we restructured teams to focus on areas of investment for 2016, including our marketplace business, enterprise crowdfunding, China, and other areas focused on empowering entrepreneurs,” Rubin told VentureBeat in an email. “Adjusting teams is something that we have done periodically to free up resources for new initiatives and to invest in growth.”
The company let go of fewer than a dozen people — some of whom took on new positions — and the headcount now stands at 120, Rubin wrote.
Founded in 2008 and based in San Francisco, Indiegogo announced a $40 million funding round two years ago. Investors include Institutional Venture Partners, Kleiner Perkins Caufield & Byers, and Max Levchin.
Indiegogo’s competitors include Kickstarter, which for years has been uninterested in going public and last year announced that it had become a public benefit corporation.
Indiegogo announced its enterprise crowdfunding initiative at the beginning of this year.