Newly Minted Morgenthaler VC Mark Goines Leads $5 Million Investment In Fundly

Mark Goines may not be the most familiar name in the Valley, but he was a prolific angel investor, investing in some 40 companies since 2000, including BabyCenter, Mint, PayCycle and Nolo.com. As Sarah reported in May, Goines is known for working closely with the startups he chooses to invest in, leveraging his consumer experience cred as GM of Intuit's Consumer Division and VP of New Products at Charles Schwab to help founders take their companies to the next level. In May, Morgenthaler Ventures snatched up the angel investor, and today Goines is leading his first investment with the VC firm in Fundly, a social fundraising site. The round, a $5 million series A, is Fundly's second outside investment in 6 months, as the startup raised $2 million in seed back in late February. The series A brings the startup's total funding to just under $8 million.

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