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UpDown.com, a company based in Cambridge, Mass. that lets people pretend to invest, and network socially, said it received $750,000 in additional funding from Swiss investor Joachim Schoss.

This brings its total funding to just under $1.2 million.

The company launched in September 2007 and says it has 17,502 registered members

The site gives members $1,000,000 in virtual money to invest, and says it improves peoples’ investment skills through collaboration, competition and aggregated wisdom.

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