Tuesday, May 08, 2007

We raised a $12 million Series B

The press release is here. We are extremely excited to be working with Venrock. They are a firm with a great tradition of working with entrepreneurs to create great companies. We had met them when we were out raising our Series A, and are glad that we are now in business with them as we move forward in a growth period of our company.

We are also excited to have our previous investors, Avalon and Masthead, involved in our Series B as well. Both firms have been great supporters of ours and I'd like to send my thanks out to the various partners at each firm. We really appreciate their insight, support, and continued involvement in the building of our company.

Without the great team we have built, we wouldn't be able to accomplish the things we have so far, nor would we be able to deliver on the vision we have going forward. A big thanks to our team for all their hardwork and dedication. We expect to do big things in the coming year.

We started this company with the intent to work closely with the carriers to develop a category of applications and to work to build this category in unison with them. We appreciate the support we have had from all of our carrier partners so far and look forward to delivering on the promise of an exciting revolution in mobile data applications.

Most important to me though, has been the support of my wife and my kids. My wife has been a world class startup wife, raising our kids, running the house, and continuing to work 75% time as an attorney. I can't thank her enough for her belief in what we are doing and her strength in helping to make that a reality. Without her, none of this would have been possible.

We have a lot of exciting announcements coming very quickly and we look forward to sharing the news as it becomes available.


C.C. Chapman said...

Congrats! That is huge news and always great to hear about friends finding success.

Jeremy Melting said...

Hey Derrick, that is great news! Good things happen to good people.

Amanda said...



That is huge. I am so excited for you, Jessica, and the Kids.

I am so happy for you all.

Aunti Meena

ps. I'm taking TATEy to sEA World...;)

Anonymous said...

Very Niiiice. Congratz from Mary, Marly, Wyatt and Scott