Former General Catalyst managing director Jonathan Teo and former Lightspeed Venture Partners managing director Justin Caldbeck have raised $125 million in funding for a new investment firm called Binary Capital. Caldbeck and Teo previously have made investments in companies like Snapchat, Whisper, Instagram and Taskrabbit. The two of them are expecting to write around $3-$5 million for consumer-facing companies.
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Justin Caldbeck Posts
Socialcam is an iPhone app that spun off of video sharing website Justin.tv last year as part of Y Combinators winter 2012 class. Socialcam has raised seed funding from 46 well known angel investors. Socialcam’s fiercest competitor is Viddy. They have been fighting back and forth as the top Photo & Video app recently. Socialcam has reportedly surpassed the 20 million user mark. Below is a list of all of the investors involved as compiled by TechCrunch.
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