InLooop is a web-based tool, which allows you to send updates on progress to friends or other users. You can use it to send progress updates to investors. It has a simple newsletter service where you can enter your project information, add investors, and send updates. You can update them on the problems you are facing, what you have planned for the future and the progress so far. It is a great collaboration platform where you can keep a list of investors up to date when managing a startup.
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