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Postmates Raises $16 Million Series B Round, Led by Spark Capital

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San Francisco, CA (PRWEB) February 18, 2014

Postmates, the leading on-demand delivery service, announced today that it has raised an additional $ 16 million in capital for its Series B financing round to support its dramatic growth and expand geographically. The latest round was led by Spark Capital with follow-on from existing investors. Nabeel Hyatt, Venture Partner at Spark Capital, will join founders Bastian Lehmann and Sean Plaice on the company’s Board of Directors along with Scott Banister.

“We’re currently averaging thousands of deliveries per week. Customers who order more than 10 times per month contribute to more than 30% of order volume; customers who order more than 5 times per month contribute to more than 50% of order volume,” said Bastian Lehmann, CEO and co-founder of Postmates. “More importantly, is how quickly our supply is growing. We have nearly 2,000 active Postmates couriers on the platform in our four markets.”

Since closing its Series A funding in December of 2012, Postmates has developed its own proprietary logistics software that successfully dispatches and guides couriers through major metropolitan areas to deliver local goods including prepared food, groceries and retail goods. The company has forged partnerships and promotional campaigns with merchants in San Francisco, D.C., Seattle and New York, including Whole Foods, Momofuku Milk Bar, Hapa Ramen and The Meatball Shop, among others.

“We are experiencing remarkable growth and strong national demand for our mobile platform,” said Lehmann. “This new round of financing and group of investors – with their proven success in identifying potentially successful consumer products such as Twitter, Foursquare and Tumblr – will guide us through this critical growth stage. With Spark’s support, we’ll continue to push the boundaries of e-commerce and logistics within local markets.”

This investment will enable Postmates to strengthen its position as the industry leader in same-day delivery. The company plans to improve its understanding of local inventory and aggressively invest in their operations, design and engineering teams to meet increasing domestic and international demand for the product.

“We’re thrilled to be partnering with Postmates. They have a magical product and have proven this past year they know how to handle incredible growth while keeping quality high,” said Nabeel Hyatt, Venture Partner at Spark Capital. “Bastian and his team have created a service that not only puts your city in the palm of your hand, but it also does that while helping support the local businesses that make a city what it is.”

Postmates previously closed a $ 5 million Series A round from FoundersFund and received a $ 1.75 million seed round with SoftTechVC, Matrix Partners, Scott Banister, Naval Ravikant, Russel Simmons, Thomas Korte, Shervin Pishevar, Dave Morin, and David Sacks participating amongst others. The Series B brings Postmates’ total funding to just over $ 22 million.

About Postmates:

Postmates is transforming the way local goods move around a city by enabling anyone to get any product delivered in under one hour. Postmates’ revolutionary urban logistics & on-demand delivery platform connects customers with local couriers, who purchase and deliver goods from any restaurant or store in a city. Postmates’ mission is to become the on-demand delivery infrastructure for every major city in the world. Postmates was co-founded by Sam Street, Sean Plaice and Bastian Lehmann in 2011, and is headquartered in San Francisco with additional offices in London, Seattle and New York.

Postmates is free to download from the app store or by visiting: http://www.postmates.com

About Spark Capital

Spark Capital is a venture capital firm that partners with exceptional entrepreneurs seeking to build disruptive, world-changing companies. Founded in 2005, the firm manages approximately $ 1,500,000,000 across four funds. Headquartered in Boston, Spark maintains an office in New York and invests across the globe. Spark Capital focuses on Internet and mobile investments across the following key categories: advertising & monetization, commerce & services, content & media, financial services, hardware & infrastructure, mobile and social.

For more information, visit http://www.sparkcapital.com







Seattle Start-up, Porch, Announces Giant $6.25MM Seed Round from Top Angels to Back the Internets Next Billion-Dollar Frontier — Get Early Access Today.

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Seattle, WA (PRWEB) June 05, 2013

Porch, a home improvement and repair marketplace, today announces a large seed round, its investors, and plans to launch its product nationwide free for homeowners. Early access is available upon request at http://www.porch.com Porch has its corporate headquarters in Seattle, Washington.

Typical seed rounds are less than $ 1.5 million . Pre-launch, Porch has raised a large $ 6.25 million seed round from experts and angel investors in the technology, social, marketplace, and home sectors. The round includes notable contributions from SV Angel/Ron Conway, Chamath Palihapitiya, Javier Olivan, Jeff Skoll, Bill Lee, Geoff Entress, Charles Moldow, and 20 others.

Porch is addressing the massive and favorable home improvement, maintenance, and repair market. Every year, residential construction and home improvement spend totals over $ 500 billion. Porch’s total addressable market is greater than $ 20 billion with the home services industry forecasted to grow at 3.5% annually and the housing market forecasted to increase in sales by 29% . Porch is positioning itself to be the trusted home improvement technology leader through data transparency and a beautiful social product vision.

Porch’s mission is to change the world one home at a time by making home improvement easy for homeowners. The marketplace allows homeowners to get inspired by viewing neighbors’ home projects, get educated by seeing their actual project costs, and decide on the right professional by reviewing friend endorsements. This helps homeowners make an easy and informed decision when it comes to improving their home and selecting the right home professionals.

Today, Porch accomplishes this by organizing and connecting exclusive insights from over 1.4 million professionals and 60 million projects. Every day, Porch continues to aggregate more data about homes to build the connections and acumens that fuel its data transparency and social approach. By understanding work history and which professionals’ friends and neighbors endorse, Porch is able to provide homeowners with free, personalized, and vetted word of mouth recommendations to make home improvement easy.

Porch is still pre-launch and will become nationally available later this year. Today, Porch has early, private access available to select individuals that sign up at http://www.porch.com. Consumer features and functionality will be disclosed in full closer to launch. Porch is and always will be free for homeowners.

Porch was created by successful data, marketplace, and consumer acquisition entrepreneurs from Google, Microsoft Corp, Expedia, Active Network, and Apollo Group. The company has 20 employees and is led by seasoned internet and technology executive, Matt Ehrlichman. Matt is the co-founder and CEO of Porch. Prior, Matt was on the executive team at Active where as Chief Strategy Officer, he helped grow the company’s revenues from $ 65 million in 2006 to $ 420 million in 2012, and a 2011 initial public offering. Before joining Active Matt was co-founder and CEO at Thriva, which was acquired by Active in March 2007 for more than $ 60 million.

“Until now, finding the right professional at a fair price has been comically painful – whether that be for a simple handyman project or a large kitchen remodel,” said Matt Ehrlichman, Porch CEO and co-founder. “In addition to being the largest investment in one’s life, the home is where we create life’s great moments. And while it should be easy, there is no free, simple, and personalized solution that provides the trusted information and tools necessary to make home improvement and repair easy.” Ehrlichman and his co-founders aim to solve a national, universal problem experienced at a local level by 120 million households. According to a 2012 Porch survey, 98% of homeowners experience pain when finding a professional and knowing the price for their home needs.

For more information, to browse nearby projects, or to find professionals your friends and neighbors love, sign up for early access at http://www.porch.com or visit the Porch blog.

About Porch

Coming soon, Porch is the only consumer and social Internet marketplace that connects homeowners with the right home service professionals based on who neighbors have used, project and cost history, and vetted friend endorsements. This helps homeowners make an easy and informed decision when it comes to improving their home and selecting the right home professionals across 250 categories. There is no company currently offering or delivering the level of data transparency and social information that Porch provides to homeowners. Porch is revolutionizing the home improvement industry with a simple, social, and relevant marketplace.

Source: Porch.com Inc.

Contact: Asha Sharma of Porch.com Inc., +1-262-497-2398, press(at)porch(dot)com

Website: http://www.porch.com

Blog: http://blog.porch.com

Press Assets: about.porch.com/press







WAFU Inc. Closes First Ever Equity Crowdfunding round by a Canadian Company in the United States.

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Montreal, Quebec, Canada (PRWEB) June 08, 2013

WAFU Inc. is pleased to announce that it has closed the first ever accredited investor equity crowdfunding by a Canadian company in the United States via CircleUp, a leading U.S. equity crowdfunding platform for accredited investors to invest in private consumer product companies in the United States.

“With the completion of this ground breaking U.S. equity crowdfunding round, we have not only been able to raise some of the capital that we need to continue to expand across Canada and the United States, but have also been able to attract experienced consumer packaged goods U.S. angel investors into our shareholder base who, we believe, will be invaluable in helping us to continue to grow our brand in the United States and increase the sales of our products in the U.S. through our new U.S. e-commerce site http://www.wafushop.com.” said WAFU CEO Gil Michel-Garcia.

WAFU Inc. raised gross proceeds of approximately $ 230,000 through the issuance of Series A-2 Preferred Shares and/or Series A-3 Preferred Shares to a small number of “accredited investors.”

All shares issued under the private placement are subject to a four month hold period from the date of issuance in Canada and are “restricted securities” subject to certain additional transfer restrictions in the United States.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of WAFU Inc. in the United States or any other jurisdiction. None of the securities of WAFU Inc. have been or will be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

This news release is intended for distribution outside of Canada only and is not intended for distribution to Canadian newswire services or for dissemination in Canada.

About WAFU Inc.

WAFU Inc. (previously Mari’s Foods Inc.) is a Canadian privately held corporation based in Montreal, Quebec, Canada. Founded in 2006, WAFU Inc. develops, produces and distributes a line of Japanese dressings and Japanese mayos under the WAFU® brand name. WAFU® Japanese dressings are currently the leading brand of Japanese dressings in the Province of Quebec.







More Angel Investors Press Releases

DocsInk.com Secures Nearly $1,000,000 in Series A Round to Power Healthcare Communication

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Wilmington NC (PRWEB) January 14, 2014

DocsInk’s innovative platform and mission statement to eliminate the clinical silos plaguing the health care industry helped them secure nearly $ 1,000,000 in series A funding. David Edmonds, Executive for the privately held venture capital group, states, “The market dictated our desire to invest in mobile healthcare technology. After reviewing many and considering few, DocsInk was chosen for their exclusive ability to address the major challenges facing every medical provider, patient, and health care organization today, with their simple facebook-style application.”

DocsInk LLC, based in Wilmington, North Carolina, is one of the few technology companies who spent the time and money to work alongside physicians to develop a solution that benefits both patient and provider. Shadowing a large group of interventional cardiologists located in Philadelphia, Pennsylvania, the DocsInk team initially began by tackling the issues of poor clinical communications and faltering revenue cycles due to the loss of charges for services performed in the hospital or ambulatory surgery units. Since the successful alpha, beta and release of the resulting mobile charge capture solution, DocsInk customers continue to benefit from an improved workflow, average 15% increase in revenue, and 75% reduction in billing cycles. This, however, was just the beginning.

The real DocsInk story centers on their development of a facebook-style, coordinated care platform. Through an approved “Share-Care” process, disparate providers are securely connected regardless of their technology systems, without the need of costly interfaces. Entire community care teams are connected for the purpose of communicating about a shared patient population. At risk patients are re-engaged through the use of DocsInk’s integrated telehealth video component.

This type of broad connectivity quickly improves continuity of care and eliminates unnecessary redundancy of treatment that is largely responsible for the high cost of health care today. DocsInk also serves as the mobile vehicle for clinical alerts including those received from health information exchanges and increasingly popular home health devices. Providers and case managers are instantly notified of pertinent clinical information and abnormal results, literally changing the speed of which health care is delivered.

The DocsInk application also automates admission and discharge notifications, manages referral requests, allows secure text messaging, and provides ICD10-ready mobile charge capture, and a secure patient portal. The combination of this functionality on an integrated platform sets DocsInk apart from other competitive solutions. Just as importantly, their low price point makes it a viable commodity for single practitioners and large health systems alike.

A lead physician from a major ACO was quoted as saying, “DocsInk is the long awaited solution that affordably addresses the issues facing health care today. It is technology that actually works for physicians, instead of just one more concession that we have to make.”







Related Venture Capital Press Releases

Stubbs Alderton & Markiles, LLP Advises The Bouqs Company in $1.1M Seed Funding Round to Fix Online Flower Delivery

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Los Angeles, CA (PRWEB) June 26, 2013

Stubbs Alderton & Markiles, LLP announced that it advised client The Bouqs Company in its $ 1.1 Seed Funding Round, which included investors from Quest Venture Partners, Siemer Ventures, and angel investors, including Mich Mathews (former CMO of Microsoft), Dennis Phelps (Institutional Venture Partners), Andy Dunn (Bonobos), and and Brian Spaly (Trunk Club). The new funding will go towards technology, infrastructure, and to help expand its team.

TheBouqs.com has created an online flower delivery company which cuts-to-order and delivers farm direct flowers from South America, directly to consumers. The firm’s pricing includes both the flowers and shipping, via a simple and direct ordering process, and which also includes a number of subscription options–automatically shipping flowers on birthdays or anniversaries, or for regular recurring flower deliveries for both consumers and businesses. The company was founded by John Tabis.

Partner Ryan Azlein advised The Bouqs Company in this transaction.

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton & Markiles, LLP is a business law firm with robust corporate, public securities, mergers and acquisitions and intellectual property practice groups focusing on the representation of venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, video game, apparel and medical device sectors. Our mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of our Firm.

Contact:

Heidi Hubbeling

Director of Marketing

Stubbs Alderton & Markiles, LLP

(818) 444-4526

hhubbeling(at)stubbsalderton(dot)com







More Angel Investors Press Releases

Modria Closes New Investment Round to Fuel Expansion

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SAN JOSE (PRWEB) July 09, 2013

Modria today announced it has closed a $ 5 million dollar Series A investment round led by Foundry Group. As part of Modria’s expansion, J. Scott Carr has joined Modria as president and CEO. The Modria platform is the leading online dispute resolution system in the world, enabling businesses and government agencies of any size to resolve customer problems swiftly and fairly. Its proven, scalable cloud-based technology brings all parties involved in a dispute to the table quickly and efficiently, enabling them to arrive at an equitable solution that reduces cost and increases customer brand loyalty.

Colin Rule, co-founder of Modria, wrote the seminal book on online dispute resolution for business (Online Dispute Resolution for Business, published in 2003). He and the core Modria team built the only resolution system to operate at scale, resolving 60 million eBay and PayPal cases a year. In 2011, Rule spun-out of eBay to start Modria, building the next generation resolution platform to address customer issues for business and governments of all sizes. The creator of online dispute resolution, Ethan Katsh, serves as the Chair of Modria’s Board of Advisors.

“Companies like eBay have long known the importance of converting disputes into fair and swift outcomes as a means of growing their business. Now, businesses in other sectors, from insurance companies to healthcare and government agencies, are climbing on board,” said Colin Rule, COO and Chairman of the Board of Modria. “Foundry’s investment in Modria is further evidence of how important this space is. Bringing Scott Carr, a proven executive with a solid track record growing web companies, on board as our CEO ensures that we will grow the company quickly, responsibly and with extreme customer focus.”

Foundry joins an impressive roster of leading angel investors in supporting Modria’s growth, including Kapor Capital (Mitch Kapor), EDVenture Holdings (Esther Dyson), and Dan Ciporin (former Chairman and CEO of Shopping.com), as well as institutional investors Battery Ventures and Advanced Technology Ventures.

“With the explosion of online activities, people are transacting at a rate never before seen,” said Jason Mendelson, Co-Founder and Managing Director at Foundry Group. “This obviously includes ecommerce, but also includes everyday tasks like paying bills online, reviewing property assessments, filing insurance claims, and other things that used to be non-digital activities. It is inevitable that all of these new transactions will generate an enormous amount of disputes that need to be resolved. We believe Modria’s rare combination of deep dispute resolution expertise and proven technology positions them for both short and long-term success.”

Along with the capital infusion, Modria has added Scott Carr to the executive team as CEO. Carr spent the last 15 years leading businesses where trust and transparency were key ingredients of the product value proposition. Carr was president and CEO of YottaMark, a leader in product traceability and supply chain analytics, and EVP of marketing and business development at Digimarc, a leader in content security and identification technologies.

“Complaints and disputes are a fact of life in the networked economy, from online marketplaces to online banking,” said Scott Carr, president and CEO. “They happen hundreds of millions of times a year. What has been missing is a solution that delivers fair resolutions for all these disputes. The Modria platform solves this problem with a scalable, transparent system that provides appropriate resolution processes for every kind of dispute, leveraging software-only and human-powered processes as needed. It’s the first step toward a future in which companies and customers around the world settle their disputes amicably outside the overburdened court system.”

The Modria platform is based on more than a decade of research in online conflict resolution. It combines deep knowledge of legal processes with a scalable and reliable toolset in the cloud. Modria flags and diagnoses customer issues quickly and drives effective negotiation, mediation and arbitration before complaints can disrupt a business and bubble up in social media. Its underlying methodology has been used to successfully settle more than 400 million customer issues.

The Modria platform can handle any caseload, big or small, anywhere and anytime. It is in use today, supporting government and commercial caseloads in the US, Canada, and Europe. The Modria Diagnosis module collects and organizes all the relevant information about the issue and suggests possible solutions. The Negotiation module distills points of contention and enables the parties to discuss the matter directly and on the record.

If the parties are unable to resolve the issue through negotiation, the Mediation module provides an impartial third party to help clarify issues and brainstorm options. If no mutual agreement can be reached, the Arbitration module lets the parties select a decision maker who examines the facts and renders a decision. Throughout the entire process, users can engage in transparent, secure discussions and submit rich assets such as documents and videos supporting their arguments.

About Modria:

Founded in 2011, Modria’s team of technologists, and legal and dispute resolution experts are building the dispute resolution platform for the Internet, providing businesses and government agencies of any size with a scalable and transparent cloud-based platform to diagnose and resolve disputes of all sizes. Modria’s experts created the technology used by eBay and PayPal that has solved hundreds of millions of cases. The company is privately held and based in San Jose, CA. Find more information at http://www.modria.com or email info(at)modria(dot)com.

CONTACT: Scott Carr, scott(at)modria(dot)com, 408.295.5003







Futurist Jack Uldrich to Deliver Two Presentations at the Million Dollar Round …

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Futurist Jack Uldrich to Deliver Two Presentations at the Million Dollar Round …
Another goal of Uldrich's, while at MDRT, is to explain how business leaders must let go and—unlearn—many of their assumptions about their fields of insurance and finance, their current business models and customers, in order to grasp the full …
Read more on PR Web (press release)

6 Ways to Save Money for Spring Break
The best cure for the midwinter blues is looking forward to the next fun thing on the horizon, and one of the greatest parts of college is planning for spring break! Although it's only … "It's important to understand what your true needs are, and …
Read more on Huffington Post

Gengo Closes a New Round of Funding with Intel Capital, Atomico, Iris Capital, Infocomm Investments, NTT-IP Fund and STC Ventures

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Tokyo (PRWEB) April 24, 2013

Gengo, the translation platform for global companies, announced that the company has recently closed a US$ 12M round of funding led by Intel Capital, along with participation from Iris Capital, Infocomm Investments, NTT-IP Fund and STC Ventures, and from returning investor Atomico.

Gengo provides an API and platform for fast, high-quality human translation for 33 languages, provided by a pool of over 7,500 tested and rated translators for global large and small-and-medium-sized companies as well as individuals. Currently, leading e-commerce, online travel, and community portals are powered by its translation platform.

With this new round of financing, Gengo will accelerate global expansion, while also improving the translation platform and increasing the speed of the translation process. Gengo recently partnered with YouTube, enabling video uploaders to order professional-quality translation for their captions. Leveraging Gengo’s translation platform, more and more of this kind of online communications will happen globally.

“The Gengo team is excited about working with investors from Asia, the USA, Europe, and the Middle East, lead by Intel Capital, because of their global experience and track record helping entrepreneurs,” said Robert Laing, CEO and co-founder of Gengo. “There’s a significant technology component to human translation at scale, so it’s great to work with a firm with the pedigree of Intel Capital,” added Matthew Romaine, CTO and co-founder of Gengo.

“As the Internet breaks down the concept of national borders, we think Gengo’s service will vitalize communication for people around the world.” said Kaz Yoshida, President, Intel K.K. “It will help to break the language barrier and bring together the wisdom of the people to address global social challenges we are facing. Intel promotes innovation so that people can enjoy rich and fulfilling experiences.”

“Gengo is at the forefront of the crowd-sourced translation space,” said Sudheer Kuppam, Managing Director for Asia Pacific at Intel Capital. “Intel Capital welcomes Gengo to its portfolio. We look forward to working with the company to bring this unique service to more users worldwide.”

“Since our original investment, Gengo has proven it can scale its business across the world whilst growing its revenue fourfold,” said Hiro Tamura, Partner at Atomico. “We are excited to have Intel Capital, Infocomm and Orange all join the team as they share our core belief that the world is getting smaller, and that the most successful businesses of tomorrow will be truly global.”

“The 33 billion-dollar translation market is expected to experience a radical change and we believe that Gengo will play a crucial role in the change,” said Denis Barrier, Partner at Iris Capital. “We think it’s wonderful that Gengo has been based in both Asia and Silicon Valley since its establishment and is managed by visionary founders with global perspective”

“We are excited to join the team of truly global investors in helping Gengo with its expansion plans” said Kuo-Yi Lim, CEO of Infocomm Investments. “Singapore is well positioned – with a multicultural and multilingual environment, and diverse talent pool – as a base for Gengo’s growth into the rest of Asia.”

“Gengo provides crowd-sourced translation services utilizing a uniquely developed platform”, said Nobuyuki Akimoto, Executive Vice President & COO at DOCOMO Innovation Ventures. “They have been creating growing opportunities as a globally expanding start-up company and we look forward to their growth.”

About Gengo:

Gengo is the platform for global companies. A powerful API lets enterprise customers integrate professional-quality translation into their application, making it easy to build multi-language services. Gengo’s simple website also allows individuals and SMBs to order individual translations in a matter of seconds. Over 7,500 qualified translators work on jobs through the Gengo platform, in all timezones. This scale means Gengo can return simple translations in a matter of minutes, in 33 languages and at a quality level suited to each customer. Gengo’s platform takes care of quality control, job allocation and translation review. This means companies can focus on their business, while Gengo empowers them to go global. Gengo was founded in 2009 and is headquartered in Tokyo.

About Intel Capital:

Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$ 10.8 billion in over 1,276 companies in 54 countries. In that timeframe, 201 portfolio companies have gone public on various exchanges around the world and 317 were acquired or participated in a merger. In 2012, Intel Capital invested US$ 352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit http://www.intelcapital.com or follow @Intelcapital.

About Atomico:

Atomico is an international technology investment firm, focused on helping the world’s most disruptive technology companies reach their full potential on a global scale. Founded by Niklas Zennström, the co-founder of Skype, they have become the investor of choice for ambitious entrepreneurs due to our unique international network, and ability to help companies operationally, with offices in London, Beijing, São Paulo, Istanbul and Tokyo. Their investments include category leaders such as Rovio, Jawbone, Fab, Klarna and Skype. http://www.atomico.com

About Iris Capital:

Iris Capital is a pan-European venture capital fund manager specializing in digital economy. Since its inception in 1986, the Iris Capital team has invested more than €900 million in more than 200 companies. Iris Capital targets opportunities in service or technology companies, seeking growth capital in order to realize their strategy. It provides active support to its portfolio companies on the basis of its strong sector specialization and experience, and has offices in Paris, Düsseldorf, San Francisco, Montreal, Riyadh, Dubai, Beijing and Tokyo. In 2012 Iris Capital has entered into a strategic partnership with Orange and Publicis to manage their

joint venture capital initiative. http://www.iriscapital.com

About Infocomm Investments

Infocomm Investments is the venture capital arm of Singapore government’s IT authority — IDA (Infocomm Development Authority of Singapore). Managing a fund of $ 200 million, Infocomm Investments invests alongside top-tier investors in growth stage technology companies and help startups around the world expand to Asian markets by leveraging Singapore’s top-class business infrastructure. For more information: http://www.infocomminvestments.com

About Docomo Innovation Ventures

DOCOMO Innovation Ventures, on behalf of NTT Group, play a proactive role in accelerating innovation for technologies and services by discovering, nurturing, and supporting venture businesses. We have just established 10-billion-yen (approximately 105 million USD) DOCOMO Innovation Fund, and have been operating 15-billion-yen (approximately 158 million USD) NTT Investment Partners Fund (NTT-IP Fund) since 2008. For more information: http://www.docomo-i-ventures.com/

About STC Ventures

STC Ventures is a venture capital fund, independently managed by Iris Capital, whose anchor investor is the Saudi Telecom Company. STC Ventures is focused on equity investments in the information technology, telecommunications, and digital media/entertainment sectors; seeking to support the development of innovative technology companies in Saudi Arabia, the GCC, Levant, North Africa and Turkey, in addition to funding globally minded international companies seeking capital and access to the MENA region. STC Group is the largest telecommunications company in MENA, ranked in the top 20 mobile networks in the world, and serving more than 160 million subscribers. http://www.stcventures.com

Gengo is trademark of Gengo Inc in the United States and other countries.
Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
Other names and brands may be claimed as the property of others.

Contact:

Gengo, Inc.

Seiya Vogt

TEL: +81-3-6447-0311

MAIL: seiya (at) gengo (dot) com







More Crowd Sourcing Press Releases

Anadigm® Secures $15M In Third Funding Round Led by Atlas Venture. Investment to Fund Business Growth and Further Programmable Analog IC Developments

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(PRWEB) October 4, 2003

CAMPBELL, CA (PRWEB)October 2, 2003 — Anadigm®, the programmable analog company, today announced the closing of a new round of financing worth $ 15 million.

This C round of funding, led by Atlas Venture with ongoing investment from 3i, Quester and NIF Ventures, points to Anadigm®’s success in winning market acceptance for its field programmable analog array (FPAA) integrated circuits, which offer an analog equivalent to the digital field programmable gate array (FPGA).

Anadigm® was founded in January 2000 as a spin-off from Motorola. More than 140 customers are designing Anadigm® FPAA technology into their products to provide complex filtering, signal conditioning, and closed loop control functions in consumer audio, industrial, and communications systems.

The company’s product offering combines programmable silicon with easy-to-use software tools that drastically reduce the time needed to design, verify, and bring to market embedded systems with analog interfaces. Anadigm®’s FPAAs are moreover the industry’s first such chips that can adapt on the fly to perform multiple functions, adjust to different environmental and electrical conditions, or compensate for equipment aging.

“Anadigm® offers one of the few analog technologies that is both innovative and disruptive,” said Gerry Montanus, Senior Principal at Atlas Venture. “The recent launch of the company’s Anadigmvortex product line has brought the company industry-wide attention, and demonstrates the market’s readiness for a technology that will reduce the cost of analog circuit design, manufacturing, and innovation. Real-world interfaces are essential to a very wide range of electronic systems, and we are delighted to be part of Anadigm®’s ambitious project of revolutionizing the way they are conceptualized and implemented.”

The funding will be used to continue to expand Anadigm®’s business in all geographical markets and support ongoing product development activities. The investment will also support additional enhancements to the software used to program the company’s Anadigmvortex FPAAs, which remove the complexity from analog design and reduce the time for analog implementations from months to minutes.

“We are excited to be moving forward with the support of these leading venture capital firms. 3i and Quester have been very supportive of the business and were instrumental in bringing in Atlas Venture,” said Bill McLean, Anadigm® President and CEO. “Our FPAA solutions continue to gain traction in the marketplace and customer engagements are validating our technology’s value-add. The investment will allow us to implement the next stage of our product strategy and to further penetrate our target markets.”

###

About Atlas Venture

Atlas Venture is the leading international early-stage venture capital firm, investing in communications, information technology and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich and Paris, and its investments are evenly divided between the United States and Europe. Founded in 1980, Atlas Venture has organized six international funds, and currently manages more than $ 2.1 billion in committed capital. The Atlas Venture investment team is comprised of seasoned operating executives and career venture capitalists that have been deeply involved in the formation and development of more than 300 companies worldwide. Visit Atlas Venture on the Web at http://www.atlasventure.com.

About 3i

3i brings capital, knowledge and connections to the creation and development of businesses around the world. It invests in a wide range of opportunities from start-ups to buy-outs and buy-ins, focusing on businesses with high growth potential and strong management. 3i invests in businesses across three continents through local investment teams in Europe, Asia Pacific and the USA. To date, 3i has invested over £15 billion (including co-investment funds). In the 12 months to 31st March 2003 an average of £3.7 million (including co-investment funds) was invested each working day. 3i’s current portfolio is valued at almost £4 billion. http://www.3i.com

About Quester

Quester is one of the UK’s leading independent venture capital groups specialising in the provision of finance and management support for growth companies at all stages of their life. Quester’s focus is on early stage investments in information and communication technology, healthcare and life science companies. With its first rate track record, Quester has earned a reputation as one of the best UK based sources of venture capital. The Quester investment team manages approximately £300 million on behalf of major institutional investors, leading UK universities, and five quoted venture capital trusts. http://www.quester.co.uk.

About NIF

NIF Ventures Co Ltd manages approximately $ 1.5 billion in venture capital funds, and has invested in over 1,400 companies since its establishment in 1982. With offices in Japan, Taiwan, Singapore, and the United States, NIF offers worldwide representation. Its primary investment focus is in the information and communications technology industries. http://www.nif.co.jp

About Anadigm®

Anadigm® brings platform-based design to the analog world with pre-qualified software and hardware components that allow complex analog circuits to be implemented in an analog equivalent to the FPGA. Designed to implement signal conditioning, filtering, data acquisition, closed-loop control, and other analog functions in a wide range of embedded systems, Anadigm® FPAAs are first programmable analog ICs that can adapt on the fly to perform multiple functions, adjust to different environmental conditions, or compensate for equipment aging. Founded in January 2000 as a venture-backed technology spin-off from Motorola, Anadigm® maintains U.S. headquarters in Campbell, Calif., and European headquarters in Crewe, U.K. For further information, visit Anadigm® on the Web at http://www.anadigm.com.

Anadigm® and AnadigmDesigner® are registered trademarks of Anadigm®. All other trademarks appearing herein are the property of their respective owners.



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Anadigm® Secures $15M In Third Funding Round Led by Atlas Venture Investment to Fund Business Growth and Further Programmable Analog IC Developments

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(PRWEB) October 4, 2003

CAMPBELL, CA (PRWEB) October 2, 2003 — Anadigm®, the programmable analog company, today announced the closing of a new round of financing worth $ 15 million.

This C round of funding, led by Atlas Venture with ongoing investment from 3i, Quester and NIF Ventures, points to Anadigm®’s success in winning market acceptance for its field programmable analog array (FPAA) integrated circuits, which offer an analog equivalent to the digital field programmable gate array (FPGA).

Anadigm® was founded in January 2000 as a spin-off from Motorola. More than 140 customers are designing Anadigm® FPAA technology into their products to provide complex filtering, signal conditioning, and closed loop control functions in consumer audio, industrial, and communications systems.

The company’s product offering combines programmable silicon with easy-to-use software tools that drastically reduce the time needed to design, verify, and bring to market embedded systems with analog interfaces. Anadigm®’s FPAAs are moreover the industry’s first such chips that can adapt on the fly to perform multiple functions, adjust to different environmental and electrical conditions, or compensate for equipment aging.

“Anadigm® offers one of the few analog technologies that is both innovative and disruptive,” said Gerry Montanus, Senior Principal at Atlas Venture. “The recent launch of the company’s Anadigmvortex product line has brought the company industry-wide attention, and demonstrates the market’s readiness for a technology that will reduce the cost of analog circuit design, manufacturing, and innovation. Real-world interfaces are essential to a very wide range of electronic systems, and we are delighted to be part of Anadigm®’s ambitious project of revolutionizing the way they are conceptualized and implemented.”

The funding will be used to continue to expand Anadigm®’s business in all geographical markets and support ongoing product development activities. The investment will also support additional enhancements to the software used to program the company’s Anadigmvortex FPAAs, which remove the complexity from analog design and reduce the time for analog implementations from months to minutes.

“We are excited to be moving forward with the support of these leading venture capital firms. 3i and Quester have been very supportive of the business and were instrumental in bringing in Atlas Venture,” said Bill McLean, Anadigm® President and CEO. “Our FPAA solutions continue to gain traction in the marketplace and customer engagements are validating our technology’s value-add. The investment will allow us to implement the next stage of our product strategy and to further penetrate our target markets.”

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About Atlas Venture

Atlas Venture is the leading international early-stage venture capital firm, investing in communications, information technology and life sciences companies. Atlas Venture has investing offices in Boston, London, Munich and Paris, and its investments are evenly divided between the United States and Europe. Founded in 1980, Atlas Venture has organized six international funds, and currently manages more than $ 2.1 billion in committed capital. The Atlas Venture investment team is comprised of seasoned operating executives and career venture capitalists that have been deeply involved in the formation and development of more than 300 companies worldwide. Visit Atlas Venture on the Web at http://www.atlasventure.com.

About 3i

3i brings capital, knowledge and connections to the creation and development of businesses around the world. It invests in a wide range of opportunities from start-ups to buy-outs and buy-ins, focusing on businesses with high growth potential and strong management. 3i invests in businesses across three continents through local investment teams in Europe, Asia Pacific and the USA. To date, 3i has invested over £15 billion (including co-investment funds). In the 12 months to 31st March 2003 an average of £3.7 million (including co-investment funds) was invested each working day. 3i’s current portfolio is valued at almost £4 billion. http://www.3i.com

About Quester

Quester is one of the UK’s leading independent venture capital groups specialising in the provision of finance and management support for growth companies at all stages of their life. Quester’s focus is on early stage investments in information and communication technology, healthcare and life science companies. With its first rate track record, Quester has earned a reputation as one of the best UK based sources of venture capital. The Quester investment team manages approximately £300 million on behalf of major institutional investors, leading UK universities, and five quoted venture capital trusts. http://www.quester.co.uk.

About NIF

NIF Ventures Co Ltd manages approximately $ 1.5 billion in venture capital funds, and has invested in over 1,400 companies since its establishment in 1982. With offices in Japan, Taiwan, Singapore, and the United States, NIF offers worldwide representation. Its primary investment focus is in the information and communications technology industries. http://www.nif.co.jp

About Anadigm®

Anadigm® brings platform-based design to the analog world with pre-qualified software and hardware components that allow complex analog circuits to be implemented in an analog equivalent to the FPGA. Designed to implement signal conditioning, filtering, data acquisition, closed-loop control, and other analog functions in a wide range of embedded systems, Anadigm® FPAAs are first programmable analog ICs that can adapt on the fly to perform multiple functions, adjust to different environmental conditions, or compensate for equipment aging. Founded in January 2000 as a venture-backed technology spin-off from Motorola, Anadigm® maintains U.S. headquarters in Campbell, Calif., and European headquarters in Crewe, U.K. For further information, visit Anadigm® on the Web at http://www.anadigm.com.

Anadigm® and AnadigmDesigner® are registered trademarks of Anadigm®. All other trademarks appearing herein are the property of their respective owners.

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