InSITE Alum Vic Singh’s NearVerse Raises $1M
TechCrunch reported metformin weight loss pcos on 4/1/2010 that NearVerse, co-founded by InSITE Alum Vic Singh, had raised $1M for further development of its proximity based mobile social network LoKast. Funding came from Meakem Becker Venture Capital (interestingly, whose Managing Director Glen Meakem is the brother of InSITE Board Member and Kodiak Venture Partners Managing Partner Chip Meakem – all roads lead back to InSITE). Read the full article at Techcrunch. – Rich Powell, InSITE Board...
Read MoreInSITE Companies Raise > $215M
On the 10th Anniversary of our companies raising funding after graduating InSITE, we have surveyed their accomplishments and found tremendous success in Angel and VC fundraising. Since Spring of 2001, InSITE’s companies have raised a total of more than $215 million of disclosed funding and have enjoyed at least 6 successful exits. With 96 companies completing our program to date, that’s an average of $2.2 million raised per company – an impressive number, particularly considering the majority of start-ups do not receive funding. The biggest raise by far was by RecycleBank,...
Read MoreCatchafire Closes Angel Round
InSITE alum company Catchafire just closed an angel round of funding and is building up staff in anticipation of its NYC Beta launch on June 28, 2010. Catchafire.org is a social venture start-up that will revolutionize the way people volunteer by matching professionals with nonprofits that need their skills. Catchafire looks to register 1,000 volunteers by its late-June launch, so if you’re a professional who wants to volunteer what you are good at, sign up at www.catchafire.org. The InSITE team that worked with founder Rachael Chong was struck by her vision, energy, and enthusiasm. About...
Read MoreQuartzy wins $50K seed investment
InSITE Alumni Company, Quartzy, was the recent winner of a $50,000 seed investment at Washington University’s Olin Cup business plan competition. We worked with Quartzy in the Spring of 2009, and they had a great team and a terrific product. Quartzy provides online lab inventory management for life-scientists, making it easier for scientists and labs to share their reagents (expensive chemicals). The company was founded by Adam Regelmann, a MD and PhD from Columbia, Meena George, a PhD in Neuroscience from Columbia, and Jayant Kulkarni, a PhD in Engineering from Cornell. For more on...
Read MoreRentricity Awarded $25K by New York State
Governor Paterson today announced $3 million of grants to a variety of projects throughout New York. The funds are intended to strengthen and support the growth of New York’s clean energy economy by helping 18 Empire State companies commercialize clean energy technologies. Amongst the recipients is InSITE Alumni Company Rentricity, with a grant of $25K to assess the energy recovery potential of the ten largest metropolitan areas in the State.
Read MoreRecycleBank Secures $28M Series C Round
RecycleBank today announced it had added $28M more in funding from RRE, Sigma Partners, Kleiner Perkins, the Westly Group, and Generation Investment. It also announces a partnership with re-commerce company, Kashless.
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