Showing posts with label Closes. Show all posts
Showing posts with label Closes. Show all posts

Friday, 25 November 2011

Tag Management System, TagMan closes $2.2 Million Series A Investment Led by Greycroft Partners

New York, NY (PRWEB) January 11, 2011

TagMan, the Tag Management System with real-time Attribution for enterprise e-commerce, today announced it has closed $ 2.25 million in Series A funding led by Greycroft Partners. Other investors in this round include iNovia Capital and Angels.


TagMan, the smart container, that sits on more than 100 e-commerce sites, including Subaru, Virgin Atlantic and Air New Zealand, previously raised $ 2.1 million in Angel funding, the most recent in February 2010 led by Cambridge Angels and the London Business School E100.


TagMan is used to manage online marketing tags/pixels (the pieces of code used by the digital advertising industry to track the performance of online campaigns) - and the data they provide - much more effectively, independently and with more control over privacy. It is used by e-commerce businesses to connect or switch between online marketing technology providers such as data systems, retargeting networks and web analytics providers more freely, and track the entire multi-touch attribution path to conversion of online customers in one system, in real time.


"TagMan was the first Tag Management System and has established itself as the market leader and trend-setter in both the US and Europe," says TagMan founder and CEO Paul Cook. "We will put the new funding to immediate use in releasing version 3 of our technology, building out our infrastructure to support the continuing flow of new, enterprise e-commerce clients and to develop the technology so that we can continue to break new ground on behalf of those businesses."


"Tagman has been very successful in helping e-commerce companies and marketers improve the performance of their online marketing, and this has ancillary benefits for consumers and innovative vendors in the ad tech market," says Ian Sigalow, partner at Greycroft Partners, who has previously invested in Buddy Media and Collective. "We are very excited about the potential for TagMan's agnostic and universal solution to the problems presented by tags, pixels, and attribution.


Following the new investment, TagMan has expanded its Board of Directors with three new non-executive appointments: Seth Brody, representing Greycroft, an experienced digital media executive was previously a Group Vice President/GM of online travel agent Orbitz Worldwide; Shaun Gregory, new media director at O2 who also becomes Chairman; and John Taysom, representing Cambridge Angels, a director, founder or investor in several online companies, including Advertising.com. The remaining Board will continue to be comprised of CEO Paul Cook and TagMan General Manager Jon Baron.


Greycroft Partners LCC (http://www.greycroftpartners.com) founded in 2006, is a venture capital partnership, formed to invest in promising digital media companies. Greycroft has raised over $ 200 million and invests between $ 500,000 and $ 5 million at inception, and will increase on a staged basis to double that amount over time. Their portfolio companies benefit from active, hands-on assistance in all phases of expansion, including marketing, finance, and management development.


With offices in New York and Los Angeles, the company leverages an extensive network of media and technology industry connections to help investees gain visibility, build strategic relationships, and successfully bring their products to market. A list of its portfolio companies can be found here: Portfolio | Greycroft Partners LLC


iNovia Capital (http://inoviacapital.com/) provides venture capital to entrepreneurs who transform innovations into successful companies. The team comprises sector experts focused on mobile, consumer internet, internet communications, software and digital media. iNovia has $ 165 million under management across two seed and early stage IT and Life Sciences funds.


TagMan is the smart container tag for enterprise e-commerce. By acting as a single, universal tag and interface through which tracking tags and pixels can be deployed, online marketers can save time and money in the way they implement, manage and track campaigns. TagMan goes beyond last-click by capturing the complete path to conversion of online customers and providing real-time attribution reports that alleviate discrepancies between display, CPA and PPC online advertising channels.


TagMan was founded in November 2007 and has offices in New York and London. Clients include Virgin Atlantic, Subaru, Boden, Laura Ashley, Thomas Cook and Air New Zealand. TagMan recently won the DPAC Award as the Best Advertising Analytics company as determined by peers in digital media and marketing.


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More Angel Investor Capital Press Releases

Centice Corporation Closes on $6.1 Million Series C Financing - Funds to Support Commercialization of Innovative PASS Rx

Morrisville, NC (PRWEB) October 21, 2009

Centice Corporation, a pioneer in drug verification and safety products, announced today the successful completion of a $ 6.1 million Series C financing from its existing investors along with a new investor, Fulcrum Financial Group, LP. The funds will be used to support ongoing commercialization efforts for Centice's innovative PASS Rx prescription verification product for the retail and hospital outpatient pharmacy marketplace. Along with Fulcrum Financial Group, L.P., existing investors participating in the $ 6.1 million financing include The Aurora Funds, Inc., S-Group Direct Investments Ltd., Innovation Ventures LP and several individuals.


"We are pleased to have received the new funds. This shows the continued support of our current investors. We are also very excited about the addition of Fulcrum Financial Group to our investor base and we look forward to working with them", said Scott Albert, CEO and Chairman of the Centice Board of Directors. "Release 3.0 of our PASS Rx system will be out in the near term and these funds will allow us to appropriately position, market and sell the product to pharmacies nationwide", he added.


Increased script volume, fewer resources and manual subjective verification methodologies can unfortunately result in a greater risk of medication errors in the pharmacy. PASS Rx is the first and only product that utilizes patented spectroscopy and machine vision sensor technologies to confirm the accuracy of a pharmacy's dispensed solid dose medications in a matter of seconds. Centice technologies have additional applicability beyond just the verification of solid medications in the pharmacy, and the company has plans to develop future products for solid drug identification, liquid medication verification and counterfeit drug detection.


About Centice Corporation

Centice, founded in 2004 and headquartered in Morrisville, NC, is commercializing patented and patent-pending computational sensor and machine vision technology. The PASS Rx

Aurora Biofuels Closes $20 Million Series B Funding

Alameda, CA (PRWEB) June 10, 2008

Aurora Biofuels, Inc., a leader in open-pond algae aquaculture technology, announced today it has completed a second round of funding, raising $ 20 million. The round was led by existing investor Oak Investment Partners. Previous Series A investors Gabriel Venture Partners and Noventi also participated in the round. Aurora Biofuels will use the funds to expand its field operations and to increase its efforts to optimize the production cycle of growing, harvesting and extracting microalgae to produce bio-oil, which can be converted into biofuels.


"We are ahead of our company growth and development plans and the new funds will allow us to accelerate our efforts in the field even further," said Matt Caspari, founder and CEO of Aurora Biofuels. "Obviously, there is a great need today to decrease dependence on foreign oil. We believe that algae are an exciting alternative to traditional agricultural sources of biofuels and we are committed to bringing algae-derived biofuels to fruition."


Microalgae have several advantages over traditional biofuel crops including their ability to produce much more bio-oil per acre, and their ability to be grown on marginal land using marginal water so they do not compete with food resources.


"Over the past eighteen months, Aurora Biofuels has made tremendous progress in developing an end-to-end process for producing bio crude oil from algae," said Brian Hinman, Venture Partner at Oak Investment Partners. "We're convinced that the economic model is viable, and believe that Aurora has a stable and productive aquaculture technology that works in low-cost open ponds. It's time to test the process at scale."


About Aurora Biofuels

Aurora Biofuels, Inc. was founded to develop the lowest cost solution for growing algae and producing bio-oil. To achieve this goal, Aurora has assembled a diverse team with the expertise spanning biology, biotechnology, aquaculture and agricultural, chemical and process engineering. Aurora Biofuels was founded in 2006 and has its headquarters in Alameda, CA. For more information, please visit http://www.aurorabiofuels.com.


About Oak Investment Partners

Oak Investment Partners is a multi-stage venture capital firm with a total of $ 8.4 billion in committed capital. The primary investment focus is on high growth opportunities in communications, information technology, internet new media, financial services, clean energy, healthcare services, and consumer retail. Over a 28-year history, Oak has achieved a strong track record as a stage-independent investor funding more than 435 companies at key points in their lifecycle.


About Gabriel Venture Partners

Gabriel Venture Partners