Tag Archives: Flybridge Capital Partners
PayDay Loan Company ZestCash Raises $73 Million
ZestCash is a payday loan company that was founded by former Google CIO and VP of Engineering Douglas Merrill. ZestCash aims to legitimize the payday loan industry. ZestCash has raised $73 million in a new round of funding. Matrix Partners provided $23 million in the form of an equity round. Existing investors Lightspeed Venture Partners, GRP Partners, Flybridge Capital Partners, and Lighthouse Capital Partners also participated in this round. The company also raised a separate $50 million line of debt financing from Victory Park Capital.
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SavingStar Hits 1 Million Users In Under A Year
SavingStar is a service where you can receive grocery discounts by entering your loyalty cards into the system. I just registered an account with them and I noticed that they are able to get me an additional $2.00 off from 2 boxes of Pepsi, $1.00 off a bag of Tostitos, 50 cents off Pepperidge Farm Goldfish, etc. from Kroger. Other stores that work with the service include Rite Aid, CVS, Piggly Wiggly, Albertsons, County Market, Food City, Lowes Foods, Jack’s SuperValu, Ralphs, and the list goes on. SavingStar launched in beta this past August and raised $2.3 million in funding from Flybridge Capital Partners, First Round Capital, Founder Collective, and several angel investors.
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ZestCash Raises $19 Million to Provide Short-Term Loans
Loan service ZestCash has raised $19 million in funding to expand its short-term loans and debt financing. The funding comes from Lightspeed Venture Partners, GRP Partners, Flybridge Capital Partners and Lighthouse Capital Partners. GigaOM reports that Lighthouse’s contribution of $8 million is specifically for debt financing. ZestCash’s loans are data-driven; they offer loans to those whose online data says they’re credit worthy.
33Across Raises $9 Million In Funding
33across is a company that develops technology that is valuable to retailers. If you buy something on eBay, 33across is able to identify which of your contacts are connected to you. “We identify the anonymous connections of consumers that are buying and shopping a certain brand,” stated 33across co-founder Eric Wheeler. 33across has raised $9 million in funding with Flybridge Capital Partners being the lead investor. First Round Capital and QED Investors also participated in this round. [PEHub]
GroupMe To Raise Series B Funding Through A VC Bidding War
T2 Biosystems Raises $15 Million In Equity
T2 Biosystems Inc. has raised $15 million from 9 different investors. The company plans to use the funding to accelerate development and commercialization for its diagnostic platform. The investment round was led by Physic Ventures. Other investors include Arcus Ventures, RA Capital Management LLC, Camros Capital LLC, WS Investments Company, Flagship Ventures, Polaris Venture Partners, Flybridge Capital Partners, and Partners Healthcare of Boston. T2 Biosystems raised $10.8 million in Series B financing two years ago. [Bizjournals]
DataXu Raises $11 Million In Series B From Menlo, Atlas, and Flybridge
DataXu has raised $11 million in Series B funding. Investors include Menlo Ventures, Atlas Venture, and Flybridge Capital Partners. Atlas and Flybridge were involved in DataXu’s first round in April 2009. The new round of funding will be used for product development, sales, marketing, and expansion. DataXu has offices in Boston and N.Y. DataXu is an online ad exchange service. [paidContent]
Video Storage and Infrastructure Company Blackwave Raises $7 Million
Blackwave is an Acton, Mass. based company that hosts and streams videos on the Internet. The company has recently raised $7 million in Series C from Globespan Capital Partners, Sigma Partners, and Flybridge Capital Partners. Thus far Blackwave has raised a total of $29 million in total funding.
“This renewed investment, combined with the ongoing acquisition of a range of new customers and partners, signals the market’s great confidence in our technology and our value proposition,” stated Blackwave CEO Bob Rizika.
Transpera Rings In $8.25 Million Series B
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.