March 5, 2009
New Investor, Triangle Peak Partners Leads $12 Million In Growth Venture Funding for SendMe, Inc.
San Francisco based mobile media company, SendMe, Inc. secured a $12 million in growth funding with a new investor, Triangle Peak Partners leading the funding round.�� Founded in 2006, SendMe, Inc., is a company that develops a technology to turn your mobile phone into a �portable playground.�� It does this by a family of destination sites that allows you to access all the fun features on the web from your mobile phone with the broadest and best content, entertainment, and community available.� The three sites that SendMe, Inc. has several sites that users can access.� These sites are SendMeMobile.com, mbuzzy.com, and SlowLow.com.�� These sites offer all kinds of content from the latest pop-culture sensations or fashions, niche independent creations and community related content.� These sites also offer several different games, wall paper, and some of the most trendy ring tones.� These goodies are done in such a way that the visitor to these sites will want to come back for more.
Along with Triangle Peak Partners, other investors who participated in this funding include SendMe�s existing investors, Amicus Capital, Spark Capital, and GrandBanks Capital.� This round of funding comes in a year which is a very prosperous year for SendMe, Inc.�� Throughout 2008, SendMe reported record growth.� According to SendMe�s CEO, Russell Klein, SendMe�s dynamic media platform gives users the ability to discover and share their favorite content and express new kinds of mobile entertainment.�� Mr. Klein also states that the company is also enabling major media names to integrate into these experiences and connect them with their respective audiences.�
During last year, SendMe managed to improve their premium and community generated content, services, and applications by adding new partnerships with leading record companies, such as EMI, Warner Music, Universal Music Group, and Sony Pictures.� SendMe also managed to get into over two dozen different distribution partnerships, allowing SendMe to drastically expand its proprietary access to mobile users.� Furthermore, SendMe�s vanguard mobile community, mbuzzy.com surpassed the mark of one million registered users, indicating that mbuzzy.com is far exceeding growth expectations.�
According to managing partner of Triangle Peak Partners, Dain Degroff, given the growth pace of SendMe, Inc., it is abundantly clear that the company�s management team has established a media company for the next generation of tech savvy users and created a strong business model.� They have an extraordinary technology combination and offer many of the major brands of entertainment for its users, which sets SendMe apart from the other competitors in the mobile marketplace.� SendMe has shown the capability to leverage its application over three different destination sites in a way that it entertains users and attracts advertisers.�
Triangle Peak Partners is a vc firm that invests venture capital and private equity in both public and private companies mainly in the technology, energy, and alternative energy industries.� Triangle Peak Partners has offices in Carmel and Palo Alto, California� and in Houston, Texas and has more than $300 million in assets under its management.��
Amicus Capital is an early stage vc firm that invests in entrepreneurs who develop innovative IT solutions for various problems that affect IT networks.� Over the past ten years, Amicus has invested in over 50 seed stage companies that include Adspace Networks, Corrigo, Goodmail Systems, GrubHub, Imagine Sports, VoxPox, and others.
Spark Capital invests in companies that are ready to meet the rapid transofrmation in media content and innovative technologies and effective business models.�
GrandBanks Capital is a vc firm that likes to partner with entrepreneurs who are willing to build a dominant and market-leading companies through the vc firm�s experience and expertise.� GrandBanks Capital mainly focuses on the internet, software and software services, media technologies and services, financial technologies and services, and wireless technologies and services industries.