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Draper Fisher
Jurvetson, Draper Fisher Jurvetson Gotham Ventures, and Acadia Woods
Partners Join Existing Investors in Oversubscribed Series B Round
Monitor110,
Inc., developer of a revolutionary financial intelligence service
that enables Institutional Investors to access, analyze and monetize
real-time Internet information, recently announced the 2006 close of
a $5M Series B round of financing. Monitor110 will use the funds for
further product and organizational development.
Participating
in the round were Draper Fisher Jurvetson, its New York affiliate
Draper Fisher Jurvetson Gotham Ventures, and Acadia Woods Partners.
They join other investors that include a select group of prominent
Wall Street and advanced-technology individuals.
Tim Draper,
Managing Director of Draper Fisher Jurvetson commented on his firm's
participation saying, "We believe that Monitor110's approach of
using advanced intelligence technologies to extract investable
information from the Internet will fundamentally change the way that
investors not only consume, but also value Internet information."
Jed Katz, Managing Director of DFJ Gotham Ventures, added "We're
thrilled to once again back successful entrepreneur Jeff Stewart,
together with Wall Street veteran Roger Ehrenberg. This is a winning
management team with a fantastic product."
Jeff Samberg,
Managing Member of Acadia Woods Partners, stated, "Given our
extensive history across the investment landscape, we see broad
applicability of the Monitor110 service for investors everywhere."
Jeff Stewart,
Chairman and Founder of Monitor110, added, "We are proud and honored
by the confidence shown in our company by some of the world's
leading technology investors. It is a testament to the growth,
development and future of Monitor110."
Roger
Ehrenberg, President and Chief Operating Officer of Monitor110,
added, "We couldn't be more pleased by the strength of our investor
syndicate, representing the best of the venture capital,
institutional investment and technology communities." |