September 07, 2006 10:08 AM US Eastern Timezone
Monitor110 Announces $5 Million in Series B Funding; Draper Fisher Jurvetson, Draper Fisher Jurvetson Gotham Ventures, and Acadia Woods Partners Join Existing Investors in Oversubscribed Series B Round
NEW YORK–(BUSINESS WIRE)–Sept. 7, 2006–Monitor110, Inc., developer of a revolutionary financial intelligence service that enables Institutional Investors to access, analyze and monetize real-time Internet information, today announced the January 2006 close of a $5M Series B round of financing. Monitor110 will use the funds for further product and organizational development.
Participating in the round were Draper Fisher Jurvetson, its New York affiliate Draper Fisher Jurvetson Gotham Ventures, and Acadia Woods Partners. They join other investors that include a select group of prominent Wall Street and advanced-technology individuals.
Tim Draper, Managing Director of Draper Fisher Jurvetson commented on his firm’s participation saying, “We believe that Monitor110’s approach of using advanced intelligence technologies to extract investable information from the Internet will fundamentally change the way that investors not only consume, but also value Internet information.”
Jed Katz, Managing Director of DFJ Gotham Ventures, added “We’re thrilled to once again back successful entrepreneur Jeff Stewart, together with Wall Street veteran Roger Ehrenberg. This is a winning management team with a fantastic product.”
Jeff Samberg, Managing Member of Acadia Woods Partners, stated, “Given our extensive history across the investment landscape, we see broad applicability of the Monitor110 service for investors everywhere.”
Jeff Stewart, Chairman and Founder of Monitor110, added, “We are proud and honored by the confidence shown in our company by some of the world’s leading technology investors. It is a testament to the growth, development and future of Monitor110.”
Roger Ehrenberg, President and Chief Operating Officer of Monitor110, added, “We couldn’t be more pleased by the strength of our investor syndicate, representing the best of the venture capital, institutional investment and technology communities.”
About Monitor110, Inc.
Representing the intersection of Wall Street, high technology and successful entrepreneurship, the Monitor110 team has a laser focus on the institutional investor and creates intuitive tools of unprecedented power to help them monetize the Internet.
Monitor110 is leading a revolution in the world of financial services information. Today, an elite group of progressive institutional investors use Monitor110’s premium subscription service to access, analyze and monetize Internet information in a way they never thought possible.
About Draper Fisher Jurvetson
Draper Fisher Jurvetson (DFJ) is the only venture capital firm with global presence through a network of affiliated funds, with offices in more than 30 cities around the world and approximately $3.5 billion in capital commitments. DFJ’s mission is to identify, provide capital for, and serve extraordinary entrepreneurs anywhere who want to change the world. Over the past twenty years, DFJ has backed approximately 300 companies across a myriad of sectors including such industry-changing catalysts as Hotmail (acquired by MFST), Baidu (BIDU), Skype (acquired by EBAY), United Online (UNTD), Overture (acquired by YHOO), Interwoven (IWOV), 411 (acquired by YHOO), Parametric (PMTC), Digidesign (acquired by AVID), and Mimeo.com.
About Draper Fisher Jurvetson Gotham Ventures
Draper Fisher Jurvetson Gotham Ventures (DFJ Gotham) is a venture capital firm focused on early-stage technology companies in the Greater New York Region. Since its first investment in 2000, DFJ Gotham has backed over 20 ventures spanning a wide array of technology related sectors. DFJ Gotham partners with extraordinary teams of entrepreneurs to build strong and successful businesses that make a huge impact in their industries. DFJ Gotham takes pride in being an active partner, leveraging its experience, knowledge and relationships to provide substantial value to its portfolio companies.
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