Greg Foster Joins Noro-Moseley

Greg Foster has joined venture capital firm Noro-Moseley Partners, with a focus on digital media opportunities. He previously was a vice president of corporate development with Turner Broadcasting.

 

PRESS RELEASE

Noro-Moseley Partners, (NMP), a leading regional venture capital fund, announced today the addition of Greg Foster to its investment team. Greg will strengthen the firm's focus in technology investments, with a specific emphasis on opportunities in digital media. Already, one of the five investments NMP has made from its new fund, NMP VI LP, is in the digital media space.

Greg's specific expertise in digital media, as well as his experience as a technology entrepreneur, will enhance our ability to aggressively pursue opportunities in both of these dynamic areas, said NMP Managing Partner Mike Elliott. Greg will be a valuable addition to our team, and we are excited to have him onboard.

Foster added that, in addition to the rapid growth the region has experienced in technology investing, advancements in digital media have made the space very attractive for entrepreneurs and venture investors alike. I am excited about joining the NMP team and look forward to working with entrepreneurs in building high-growth companies here in the region, Foster said.

Most recently, Foster was Vice-President of Corporate Development for Turner Broadcasting, where he was responsible for Turner New Media Investments, the company's early stage strategic investment arm, as well as M & A activities. Foster joined Turner after it acquired his company, Southern Direct, a business focused on building branded e-commerce extensions to linear cable channels. In addition to founding Southern Direct, Foster has been a member of the management team of two other start-ups, serving as SVP of Corporate Development at iXL and VP of Business and Corporate Development at Silverpop Systems.

Foster began his career as a consultant at Deloitte Consulting, where his efforts were focused on building internet strategies for clients including Prudential Insurance, Sonoco Products and the New York City Transit Authority. He holds a Bachelors Degree in Mechanical Engineering from Georgia Tech, where he was a President's Scholar, and an MBA from Harvard Business School.

Established in 1983, Noro-Moseley Partners is one of the oldest and largest venture funds in the region, having raised over $600 million and invested in more than 160 companies. The Firm recently held a first closing on its sixth fund and is aggressively pursuing new investment opportunities throughout the region. For information, visit www.noro-moseley.com.