TweetUp Launches Out Of Idealab, Gets Funding

Pasadena-based Idealab has launched a new company, TweetUp, which focused on showcasing Twitter users and helping them to grow an online following. According to TweetUp, Inc., its new Twitter marketplace was founded by Idealab's Bill Gross, and has scored funding from Index Ventures, betaworks, Revolution LLC, First Round Capital, Jason Calacanis, and Jeff Jarvis. Financial details of the funding were not disclosed. Tweetup said its bid-based marketplace allows Twitter users to bid on keywords to show their Tweets on top of Twitter search engines and web sites, as well as certain Twitter mobile clients.