Microsoft’s Bing Fund invests in social discovery app Sonar

New York City startup Sonar announced today that is has received a strategic investment from Microsoft's Bing Fund.

Microsoft’s Bing Fund will give online startups cash, advice, and discounts

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.

The Bing Fund, Microsoft’s newest incubator, to be headed by VoodooPC founder Rahul Sood

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.