Lightbank Backs gtrot

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.

Lightbank Adds Bill Pescatello as Principal

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.

DoubleDutch Gets $1.2M

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.

New Enterprise Associates Poised to Score Big on Groupon Thanks to Old Ties

The venture capital business is rooted in personal relationships. Not only do many firms refuse to meet with founders who aren’t referred to them by someone in their network, but their strong preference is to back entrepreneurs who they’ve funded before. That’s a good thing for the Chevy Chase, Md.-based firm New Enterprise Associates, which […]

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