New York — Minus, a social file-sharing startup, raised $1 million in seed funding from IDG Capital Partners to expand its team and help invest in technology that will build its infrastructure.
Founded in Oct. 2010, the company, who started with two employees, was first given $200,000 to get the company started. Since then the New York-based startup expanded to include a number of features that allows users to share files in the cloud.
Users of the technology can share documents, music, photos, videos, etc., by dragging the file they want to transfer onto the homepage. From there users have the option to share its content on a number of social networks, through e-mail and other platforms.
Founder John Xie told AllThingsD that he characterized the round as “really a bridge round … we anticipate raising more in a year or so.”
Minus is currently available on Mac, Windows, Ubuntu and on Android mobile devices.