New York City startup Sonar announced today that is has received a strategic investment from Microsoft's Bing Fund.
Microsoft's newest incubator, the Bing Fund, will invest $50,000-$100,000 in early-stage startups, through standard convertible notes. It will also provide mentorship, office space, and more.
Microsoft is preparing to unveil a new investment arm called the Bing Fund. The company hasn't made an official announcement, but a variety of public statements and job postings paint a preliminary picture.