Monday, December 10, 2012

Commmon Angels Invests at Record-Tying Pace

Still 15 days  ‘till Christmas and, with 21 investments,  the Common Angels have already tied their record for total investments in a year.  Eight of these are new companies, tying the Common Angels recent high for new investments set in 2010, and almost reaching their high water mark of  9 new investments set in 2000 during the very early years of  the group. 

“We are very proud of the entrepreneurs we get to work with and what they are accomplishing,” says Common Angels Managing Director James Geshwiler.

Along with these totals, the Common Angels also announced their participation in five recent financings involving variegated venture capital firms and angels.

TrueLens  provides the first customer record for CRM and digital marketers.   The $1.2 million funding round was led by Google Ventures, with funding from Charles River Ventures, Common Angels, 500 Startups, and Boston Seed, and from angel investors, including HubSpot CTO Dharmesh Shah, Tremor SVP Waikit Lau, InfoChimps co-founder Nick Ducoff, and John Simon, former board member at BzzAgent and m-Qube.

Boston-area open-source sync and share startup ownCloud Inc. has closed a $2.5 million financing, its second seed round of venture capital. Common Angels and 13 unnamed investors were led by General Catalyst Partners of Cambridge.

Doctrackr , a TechStars company, helps individuals and businesses keep their documents under control, know wherever they're stored,  and whomever they're shared with. DocTrackr is backed by Polaris Venture Partners and Atlas Venture, Common Angels and Alive Ideas. Now it's an international company - docTrackr has offices in Boston, Paris and Bucharest.

TechStars Boston 2011 grad Promoboxx, a startup offering a brand-to-retailer marketing platform, has raised an additional investment of $1.375 million to close its Series Seed round of financing. The company’s investors include Launch Capital, Boston Seed, SK Ventures, Common Angels, Stage 1 Ventures, and over 30 angels. In December of last year, Promoboxx raised $565,000 from SK Ventures, Brand Ventures, Launch Capital, and various angels. Angel investors in Promoboxx include Jean Hammond, Walt Winshall, Michael Mark, Mike Dornbrook, Rich Greenfield, Adam Berrey, Dave Balter, David Kaufmann, and many others

HapYak , the social video commentary platform, announced that $850,000 in seed funding has been secured to expand and build upon its platform. This round of funding was led by Kepha Partners with participation and coordination from CommonAngels of Boston and angel investor, Tom Burgess, former CEO of Third Screen Media

For reference, the Common Angels have one exit this year, Vela Systems.

Our congratulations, Common Angels!

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