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March 23, 2011 09:31 pm GMT

CMP.LY Raises $750,000 To Keep Companies Honest Online

More and more businesses are using social media " from Twitter, Facebook and LinkedIn, to Tumblr and Foursquare, more recently " to manage customer relationships, market, sell or even directly conduct their business transactions. With the maturation of the technology and business practices comes regulation from government agencies including the Federal Trade Commission (FTC) and the Financial Industry Regulatory Authority (FNRA) in the U.S. and the Office of Fair Trading (OFT) in the U.K. A New York City startup, CMP.LY (pronounced "comply") today announced that it has raised a $750,000 seed round to provide web-based software and services that help companies play by the new rules. CMP.LY's backers included: Safir Capital, Angel Street Capital, Austin-based investor and serial entrepreneur Joshua Baer, and undisclosed angels who the company connected with, in part, through AngelList...

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