Bump Raises $16 Million Round Led By Andreessen Horowitz

If you've got an iPhone or Android device, there's a decent chance you're familiar with Bump , the nifty service that lets you swap contact information (and other data) by simply tapping two phones together. The service has been around since 2009, and now has 7 million active users across 25 million total installs on Android and iOS devices. And today Bump has some big news: it's just raised $16 million in a funding round led by Andreessen Horowitz, with participation from Sequoia, Sherpalo (Ram Shriram), and SV Angel (Ron Conway). Marc Andreessen will join Sequoia's Greg McAdoo on the board. That's a lot of money for the startup, especially given that it doesn't have a clear path to revenue quite yet. But it has some ambitious plans. Bump has historically been all about person-to-person transfers. First, it started with swapping contact information. It's since added support for photos (which are very popular), music, and even money via PayPal. But now it also wants to help with a different kind of interaction: helping people 'Bump' with businesses, bands, and countless other venues.