MyRete Inks Investment from Lightbank

5 years ago

San Mateo, Calif.-based myRete has raised an undisclosed amount of venture capital from Lightbank, the technology investment fund created by Groupon co-founders Eric Lefkofsky and Brad Keywell. myRete makes a location-based social networking app called WhosHere. The company, which was formed in 2008 and says its already profitable, will use the funds to grow its business.

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BeachMint Lands $23.5M Round–UPDATED

By PEHub Administrator — 5 years ago

Scale Venture Partners and Lightbank, the tech investment fund launched by Eric Lefkofsky and Brad Keywell, were joined by New Enterprise Associates, Trinity Ventures and Anthem Ventures in a $23.5 million round of fundraising for Beachmint, a social commerce company for celebrity-created consumer products. Specifics on the transaction were not specified, but Sharon Wienbar, from Scale Ventures, will join the Olsen-twin-affiliated company’s board.

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Lightbank Backs Benzinga

5 years ago

Lightbank, the tech investment fund started by Groupon co-founders Eric Lefkofsky and Brad Keywell, has put an undisclosed amount into Benzinga. Benzinga is a financial media start-up that provides online streaming news, trading ideas, commentary and analyst ratings. The company will use the new money to add staff, and expand its technology. Benzinga has offices in Delaware, Michigan and Chicago.

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Lightbank Backs gtrot

By Jonathan Marino — 5 years ago

Gtrot, the site that intertwines social networking with travel sharing businesses, has locked down growth capital in the form of a Series A VC round from Lightbank. The company launched in late 2009, and is led by Brittany Laughlin and Zachary Smith. Specifics on the deal were not released.

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Lightbank Adds Bill Pescatello as Principal

By Jonathan Marino — 5 years ago

Investment fund Lightbank, which was started by Groupon co-founders Eric Lefkofsky and Brad Keywell, will bring Bill Pescatello on board as a principal, the firm announced. Pescatello has worked with NBCUniversal and was founding member of Peacock Equity Fund, NBCU’s VC arm.

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DoubleDutch Gets $1.2M

By Jonathan Marino — 5 years ago

Groupon co-founders Brad Keywell and Eric Lefkofsky joined VC Lightbank in committing $1.2 million to social business startup DoubleDutch, it was announced today. The company will boost its platform to allow enterprises to launch geosocial applications with the funding. Prior investors include Charles River Ventures, Launch Capital, Accelerator Ventures, Venture51 and Zig Capital.

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