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Wavemaker Partners Backs Balloon

Los Angeles-based venture investor Wavemaker Partners is one of the lead investors in San Francisco-based Balloon, a developer of tools used by companies for collaboration and sharing. Baloon said it raised $2.1M in seed funding, which was co-led by Jason Calacanis' LAUNCH and Wavemaker Partners along with Imagination Capital, Streamlined Ventures, XFactor Ventures, Matt Mullenweg, and others. Balloon says that its tools help companies share, collaborate, and vote on input anonymously. The company was formerly known as Balloonr.