FindTheBest Raises $11m Series B

FindTheBest has raised $11 million in Series B financing led by New World Ventures, with participation from Montgomery & Co. and existing investors Kleiner Perkins Caufield & Byers and Kevin O’Connor, founder and CEO of FindTheBest and formerly founder of DoubleClick. The funding brings the company’s total capital raised to $17 million. Seals $2M, which dubs itself a “data-driven weight loss program for data-driven people,” has raised $2 million in a round of financing led by I2A Fund, New World Ventures and FireStarter Fund. The company previously raised $700,000 in late 2011. The company is based in Skokie, Illinois. PRESS RELEASE RETROFIT LLC ( – the data-driven weight […]

Kontiki Closes $5.1M Series C

Kontiki, a provider of cloud based enterprise video technology, has raised $5.1 million in Series C financing. Existing investors MK Capital, New World Ventures, Cross Creek Capital and Hatteras Funds all contributed to the round, which will be used for growth. PRESS RELEASE Kontiki, the leading provider of cloud based enterprise video solutions and superior […]

BeachMint Raises $35M From Accel, Goldman, Millennium, Others

BeachMint has raised $35 million in a round led by Accel Partners and joined by Goldman Sachs, New World Ventures, Millennium Technology Value Partners and others. Accel’s Greg Waldorf will join BeachMint’s board. PRESS RELEASE BeachMint announced today that it has raised $35 million in financing from leading venture capital firm, Accel Partners, Goldman Sachs, […]

BodyShopBids Announces $1M Series A Round

BodyShopBids, a Chicago-based online and mobile platform that customers can use to solicit custom auto repair estimates, today announced that it has secured $1M in series A financing led by OCA Ventures. New World Ventures and Lightbank also participated in the round. Jim Dugan, managing partner of OCA Ventures, and Jeff Maters, vice president of […]

Chicago-based Eved Closes $9.5M Series B: CORRECTED

Eved, a Chicago-based company developing an online marketplace for the meeting and event industry, has raised $9.5 million in Series B financing. New World Ventures and MK Capital led the round, which will be used to expand its online platform. Existing shareholder Merrick Ventures also participated in the round.

Power2Switch Raises $1.3M From OCA, Hyde Park, New World, Others

Power2Switch said it raised $1.3 million in a round led by OCA Ventures. Hyde Park Angels, New World Ventures, I2A and several private investors participated in the investment. Power2Switch of Chicago will use the financing to hire additional employees, accelerate sales and marketing, and expand the business into other deregulated states. PRESS RELEASE POWER2SWITCH RAISES […]

Power2Switch Raises Growth Capital

Chicago-based startup Power2Switch has raised $1.3 million in capital. Power2Switch will use the financing to hire additional employees, accelerate sales and marketing, and expand the business. The investment round was led by OCA Ventures. Hyde Park Angels, New World Ventures and I2A, along with private investors, also participated in the investment. In addition to Power2Switch […]

The View from Chicago Suggests a Slow Leak

Matt McCall may not be among the world’s best-known VCs, but he has one of the sweetest gigs in the venture industry: investing in startups on behalf of the wealthy Pritzker family – owners, among many other things, of the Hyatt Hotels chain. McCall is a partner at Chicago-based New World Ventures, founded by billionaire […]

BrightTag Adds $5M

BrightTag Inc., maker of a digital marketing platform, has added $5 million in fresh capital from New World Ventures, TomorrowVentures, EPIC Ventures and the I2A Fund. The company has raised a total of $8 million to date. The newest infusion will help Chicago-based BrightTag bolster its sales efforts.

Schmidt’s Tomorrow Ventures Joins Others in BrightTag Funding–CORRECTED

Eric Schmidt’s Tomorrow Ventures teamed with EPIC Ventures and New World Ventures to provide Salt Lake City, Utah Chicago-based online marketing software developer BrightTag with a $5 million Series B investment, bringing the company’s total funding to $8 million after two rounds of funding.

I2A Ventures also participated in the transaction; the round was co-led by EPIC Ventures and New World Ventures. The news was first reported by the website AdAge Digital….

SinglePlatform Adds $3.25M in VC

SinglePlatform has sealed $3.25 million in venture financing from DFJ Gotham Ventures, New World Ventures, First Round Capital and RRE Ventures. The company, which makes a digital portal for local businesses to manage their web presence, integrating their websites and social media, previously raised $1.2 million.

SMS Assist Inks $15M from New World Ventures

Chicago-based SMS Assist has raised $15 million from New World Ventures, a Chicago-based venture firm. The company develops facilities maintenance technology designed to track service orders, bill customers, provide compliance reports and manage quality. As a result of the round, Matt McCall, partner at New World Ventures, will join the company’s board.

Alliance Health Networks Closes $11M In Funding

Alliance Health Networks, a developer of condition-specific social networks, has raised $11 million from investors including New World Ventures, Physic Ventures, Highway 12 Ventures and Epic Ventures. New World led the round, which will be used for development and expansion of its platforms, as well as growth of its mobile platform. Morgan Keegan served as financial advisor to Alliance Health Networks.

SitterCity Raises $22.6M From Baird Venture, New World, Others

SitterCity of Chicago raised $22.6 million in an expansion round led by Baird Venture Partners and New World Ventures, the venture arm of Chicago’s Pritkzer family. Also joining the financing was Apex Venture Partners, 12A and Point Judith Capital. The Web-based service matches mothers and other customers with caregivers, baby minders and pet sitters and […]


The Social (Gaming) Network

Game developers should thank Facebook for only taking 30% of their revenue when the social network’s credits system of paying for virtual goods becomes its sole currency this July. Facebook commands an iron fist over its itsy-bitsy “partners” the way the mob used to muscle corner store merchants a century ago. Game developers are still […]

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