Archive for the ‘First Round Capital’ Category

Transpera Rings In $8.25 Million Series B

Amit Chowdhry | November 13, 2008 | 159 Views | Add a Comment
Categorized under First Round Capital, Flybridge Capital Partners, Intel Capital, Silicon Valley Bank, Transpera


Transpera is a mobile web video company that is based in Santa Monica, California.  The company is led by Frank Barbieri, former President at Viva Vision and former Group Product Manager at Microsoft.   Transpera has raised their second round of funding at $8.25 million from Flybridge Capital Partners, Intel Capital, and First Round Capital.  Transpera also received debt financing from Silicon Valley Bank.

“Transpera is demonstrating true leadership in the mobile video market by building an ever-expanding network of premium content partners and delivering innovative, game-changing advertising opportunities,” stated Jeff Bussgang general partner at Flybridge Capital Partners. “We continue to be pleased with their progress in setting a new standard within the mobile video landscape.”

Transpera will be using the money for expanding their product line and service customers.  Transpera already helps monetize video for AccuWeather, Associated Press, Break.com, Revision3, ManiaTV, Fox, MTV, etc.

Transpera has also hired Brian Monnin as Chief Product Officer.  Monnin is former VP of Publishing Products as Brightcove.

myYearbook Gets Signed $13 Million From Norwest Venture Partners, U.S. Venture Partners, and First Round Capital

Amit Chowdhry | July 30, 2008 | 538 Views | Add a Comment
Categorized under First Round Capital, Norwest Venture Partners, US Venture Partners, myYearbook


“When looking at investment opportunities in the consumer internet sector, we found myYearbook offered the most attractive and engaging value proposition for both members and advertisers alike,” stated stated Sergio Monsalve, partner at Norwest Venture Partners. “The company has created a service that is highly valued by its members and a platform for marketers to reach and engage this audience in a friendly and effective way.”

myYearbook.com has raised $13 million Series B from U.S. Venture Partners, First Round Capital, and Norwest Venture Partners.  myYearBook plans on using the money to provide additional services to members and focus on building revenue.  Brother and sister teenage entrepreneurs, Dave and Catherine Cook started myYearbook in 2005.

myYearbook receives about 10 million monthly unique visits per month.  So far, myYearbook has raised about $18.6 million.  Sergio Monsalve will be joining myYearbook.com’s Board of Directors through this round of funding.

“We are excited to have NVP and Sergio on board as we enter this next phase of our growth,” stated Geoff Cook, CEO of myYearbook. “We are focused on creating new, innovative services that will offer long-lasting value to both advertisers and our members. NVP’s track record of success and Sergio’s deep operational experience from brand name companies like Photobucket and eBay will be invaluable to our team.” 

Related Links:
1. myYearbook.com
2. Business Wire
3. TechCrunch
4. Sergio’s profile (via NorwestVP.com)
5. Mashable

Mint: Productive Money Management Web 2.0 Application Walks Away With TechCrunch40 Grand Prize

Amit Chowdhry | September 19, 2007 | 513 Views | 1 Comment
Categorized under First Round Capital, Mint.com, TechCrunch

Mint LogoAaron Patzer had a vision in November 2005.  When using Quicken for his own personal accounting, Aaron realized that he was running through a lot of tedious work.  Patzer then started developing Mint, a Web 2.0 tool that is used for all the different forms of money management.

Today, Mint is backed by First Round Capital and previous executives from eBay, Google, Charles Schwab, and Reuters.  Josh Kopelman became a Mint Board of Director after investing into the company.  Kopelman is the founder of Half.com, which eBay bought in June 2000 for $318 million.  Mint’s current funding is $5 million.

As of tonight, Mint has another award to list as an accomplishment: the TechCrunch40 Conference 2007 winner.  The personal finance application will take home $50,000 as an award.

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More investors want in on Stikkit Series A

Amit Chowdhry | December 19, 2006 | 363 Views | Add a Comment
Categorized under , First Round Capital, Funding, Platial, Sherpalo Ventures, Stikkit

Stikkit LogoYesterday, First Round Capital has decided to join Ram Shriram of Sherpalo Ventures for investing into Stikkit’s Series A round of funding.  The announcement was published in the Stikkit Values of N blog and was also covered by StartupSquad.  Stikkit is based in Portland, Oregon and the Stikkit team is lead by Rael Dornfest, a former CTO of O’Reilly Media.

Stikkit allows users to save information and transfer it to various other event-tracking applications such as Microsoft Outlook, Google Calendar, iCal, and 30Boxes.  According to StartupSquad, users can also transfer to-do lists, directories, and bookmarks using Stikkit as well. 

First Round’s funding was influenced by Rael spending time with First Round managing partner, Josh Kopelman during the early stages of Stikkit development.  Through the funding, First Round partner, Rob Hayes entered the Stikkit Board.  Hayes then influenced Rael and the Stikkit team to share office space with Platial, “The People’s Atlas” technology company.

Personally, I have not tested out Stikkit since I stopped creating to-do lists after graduating college, but I do believe that Stikkit software would be useful for those who are dependent on computers for their daily event-tracking needs.  Below is a screenshot from StartupSquad:
Stikkit Screenshot