Buffer Wants To Raise $3.5M At A $60M Valuation — Here’s The Term Sheet — techcrunch.com

Buffer, a social media management company, is raising a $3.5 million Series A round of capital. Most of the money will go to its founders and some early employees. $1 million of the total will be afforded to operations. To date, Buffer has raised $400,000. Buffer, which has monthly revenue of just under $400,000, is profitable. The company wants to have enough cash in the bank to survive any sort of downward spike it said in its announcement of the funding event. Given current market dynamics, and fears, the idea isn’t a bad one.

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