Ello’s ad-free social network raises $5.5M to help scale, but weakens claim that “you are not the product”

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Ello, the social network that has recently gained traction as an ad-free and more private alternative to Facebook, has raised $5.5 million in venture funding, according to Recode. The new resources will be used primarily to build the infrastructure needed to run the social network – something particularly important given the speed with which it’s grown as of late, despite being invite-only. The service currently has over 1 million users, but CEO Paul Budnitz told Recode over 3 million people are on the waiting list. The number of users was growing so fast that the company had to freeze signups...



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