Pulse2 Technology and Social Media News » DFJ Gotham http://pulse2.com Sat, 26 May 2012 21:27:32 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Solvate Raises $4 Million In Series B http://pulse2.com/2011/02/15/solvate-raises-4-million-in-series-b/ http://pulse2.com/2011/02/15/solvate-raises-4-million-in-series-b/#comments Tue, 15 Feb 2011 22:04:31 +0000 Amit Chowdhry http://pulse2.com/?p=43794 Continue reading →]]>
Solvate is a company where employers and professionals collaborate in the cloud. The company has raised $4 million in Series B funding from Michael Paolucci, RRE Ventures, and DFJ Gotham. Solvate raised a total of $6.3 million in funding. Solvate is basically a Talent Search engine to match companies with consultants and freelancers. Solvate plans on using the funding to enhance the user interface and expand their client portfolio. [TechCrunch]

]]> http://pulse2.com/2011/02/15/solvate-raises-4-million-in-series-b/feed/ 0 TOTSY Raises $5 Million Series A http://pulse2.com/2010/12/02/totsy-raises-5-million-series-a/ http://pulse2.com/2010/12/02/totsy-raises-5-million-series-a/#comments Thu, 02 Dec 2010 19:40:30 +0000 Amit Chowdhry http://pulse2.com/?p=38929 Continue reading →]]>
TOTSY is a private sales website made for moms of younger children. The website has raised $5 million in Series A funding from DFJ Gotham and Rho Ventures. TOTSY recently acquired the member base of their competitor bTrendie. Below is the full press release:

TOTSY Closes $5 Million Series A Funding

Financing from DFJ Gotham and Rho Ventures will support expansion and solidify TOTSY’s leadership in online private sales for parents, babies and kids
NEW YORK, Nov. 30, 2010 /PRNewswire/ — TOTSY (http://www.totsy.com), the private sale site exclusively dedicated to delivering deals on coveted must-haves for moms and children, announced today the close of its Series A round of financing. The $5 million round was led by DFJ Gotham and Rho Ventures.

Within just one year of launch, TOTSY has emerged as the dominant player serving the moms, babies and kids verticals in the online private sales. TOTSY’s strong performance and speedy customer acquisition exemplify high demand for its offering and verify that parents are eager to purchase top quality products for the family through the increasingly popular private sale model. Influential venture capital firms DFJ Gotham and Rho Ventures are backing TOTSY to fuel continued expansion of market share. The Series A follows TOTSY’s recent acquisition of competitor bTrendie’s member base, which secured TOTSY as the leading private sale site dedicated to kids and parents in the U.S.

“As the private sale channel continues to transform the retail industry, TOTSY has demonstrated its leadership in the children’s products category,” commented Danny Schultz, Managing Director at DFJ Gotham Ventures and a member of TOTSY’s Board of Directors. “TOTSY has generated tremendous customer growth since its inception, a testament to the team’s expertise and their innovative offering for both brands and TOTSY’s loyal customers. We look forward to helping them accelerate their growth and dominate the space.”

The private sale site category has achieved striking success in the US and globally in recent years, with leading domestic players such as Gilt Groupe (http://www.gilt.com) and Rue La La (http://www.ruelala.com) collectively expected to bring in over $600 million in 2010. Vente-Privee (http://www.vente-privee.com), category originator and French private sale site launched in 2001, is rumored to have posted nearly $1 billion in gross global sales in 2009.

“The parent market in the U.S. has been growing steadily over recent years and offers one of the most powerful growth opportunities for the retail industry. Our sales and vendor sentiment at the recent ABC Kids Expo overwhelmingly confirm that TOTSY’s online private sale distribution channel answers an urgent need for both our partner brands and American families. This funding will help us to meet this demand as quickly as possible,” commented Guillaume Gauthereau, Co-founder and CEO of TOTSY.

Christophe Garnier, Co-founder, President and CMO of TOTSY states, “We welcome the addition of such respected investors to our team and look forward to applying this financing to develop and execute strategic deals that will continue to drive TOTSY’s rapid growth.”

About TOTSY
Headquartered in New York, TOTSY is a privately held company dedicated to providing its members with access to coveted and essential products and brands designed for expecting moms, parents, babies and kids at sample sale prices. Shopping events are designer-specific and held over a 72 hour period. Membership is free of charge and by invitation only. For more information, please visit www.totsy.com.

About DFJ Gotham
DFJ Gotham Ventures is an early-stage venture capital firm based in New York City focused primarily on digital and social media, financial technology, e-commerce, mobile and infrastructure startups. DFJ Gotham Ventures partners with extraordinary teams of entrepreneurs to build strong and successful businesses that make a huge impact in their industries. A member of the DFJ network of funds, DFJ Gotham Ventures takes pride in being an active partner, leveraging its experience, knowledge and relationships to provide substantial value to its portfolio companies. For more information, please visit www.dfjgotham.com.

About Rho Ventures
For nearly 30 years, Rho Ventures has been investing in leading edge, high growth companies at multiple stages of growth spanning early, venture-stage investments to later stage, growth equity transactions. Rho has participated in the growth of some of today’s most innovative and successful companies, including Ciena, Capstone Turbine, Compaq Computer, EverdayHealth, Intralinks, iVillage, ReachLocal, Tacoda, Tripod, and Yantra. Rho Ventures is currently investing from Rho Ventures VI, a $510 million fund. The firm has offices in New York City, Palo Alto and Montreal, with investments across the globe. For more information, please visit www.rho.com.

SOURCE TOTSY

]]> http://pulse2.com/2010/12/02/totsy-raises-5-million-series-a/feed/ 0 LLOYD!!… I Mean Solvate Raises $2.3 Million. http://pulse2.com/2009/10/08/lloyd-i-mean-solvate-raises-2-3-million/ http://pulse2.com/2009/10/08/lloyd-i-mean-solvate-raises-2-3-million/#comments Thu, 08 Oct 2009 22:44:36 +0000 Amit Chowdhry http://pulse2.com/?p=21132 Continue reading →]]> solvate-logo
Ari Gold has Lloyd, but not all of us can have an assistant that is as handy as the Entourage character. The problem with business today is that sometimes administrative tasks may take as much time as important jobs.

Solvate is a startup company that has just raised $2.3 million to help you find an assistant. Julie Ruvolo, the co-founder and COO of the company considers today to be the company’s real laucnh date even though the company was first noticed back in March. The investors in this round include RRE Ventures and DFJ Gotham Ventures Solvate recently redesigned their website too.

The website works like this: first you tell Solvate what you would like to have accomplished. The company finds who is the most qualified and charges you for every 5 minute increments of work with a rate of about $25 per hour. The company contracted can be contacted by the client through e-mail or phone. Some of the tasks that can be done include PowerPoint presentations, expense report management, sale management, and trip planning.

“There’s this hegemonic Valley mentality that the way to scale is automation,” stated Ruvolo in an interview with VentureBeat. However Solvate does not believe in automation as much as they believe in human interaction and involvement. And I couldn’t agree with them more. I’ve used eLance before and it seems like that there isn’t much human interaction at all.

]]> http://pulse2.com/2009/10/08/lloyd-i-mean-solvate-raises-2-3-million/feed/ 0 Medialets Raises $4 Million Series A For iPhone Advertising http://pulse2.com/2009/05/14/medialets-raises-4-million-series-a-for-iphone-advertising/ http://pulse2.com/2009/05/14/medialets-raises-4-million-series-a-for-iphone-advertising/#comments Thu, 14 May 2009 16:46:53 +0000 Amit Chowdhry http://pulse2.com/?p=15292 Continue reading →]]> medialets-logo
Since the time that the Apple App Store has launched, over 1 billion applications have been downloaded.  Some of the applications are paid and some are free.  The free applications have found a way to make money thanks to Medialets.  Medialets has the ability to embed advertising banners and links on iPhone applications.

The advertising company that started last June in New York and has just announced their Series A funding of $4 million.  The investment was led by Foundry Group.  Other investors are DFJ Gotham and Bobby Yazdani.  Medialets also has the ability to place advertisements on applications built for the Google Android operating system.

Medialets CEO Eric Litman believes that the mobile advertising industry will top at around $300 million but will hit reach as high as $400 million in the next four years.

[via AllThingsD]

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