Local angel groups including
Launchpad Venture Group, Hub Angels, Sidecar
Angels, and Beta Fund, along with the eCoast
Angels of NH and Angel Investor Forum of Connecticut, joined the state of MA in syndicating a $2.15M
series A round for Content Raven of Marlborough, MA.The
round was led by MassVentures and included the first ever investment from Commonwealth
Fund III, a partnership fund with MassDevelopment managed by MassVentures.
“The partnership between MassVentures and
MassDevelopment has allowed us to meet our goal to support cutting-edge
companies to grow and create jobs in Massachusetts,” said MassDevelopment
President and CEO Marty Jones. “We look forward to a continued partnership with
MassVentures and the broader investment community to support innovation in the
Commonwealth.”
“It’s
an exciting time to be part of the vibrant tech economy here in Massachusetts.
MassVentures committed to us early and with its help and support we
orchestrated a successful fund-raising round with regional angel groups,” said
Content Raven CEO Ron Matros. “We can now focus on growing our product
offerings and broadening our position in the market.”
The Commonwealth III Fund is
expected to invest in four to seven companies that are in the emerging market
segments, started by first-time entrepreneurs or moving from seed to Series A
financing. “With our new investments and focus, MassVentures is well-positioned
to lead and participate in investments alongside angels and venture capital
firms that bring industry expertise, a track record of success, and a shared
commitment to follow-on funding,” said Jerry Bird, President of MassVentures, at
the fund announcement last year. “We look forward to working with local
entrepreneurs, and partnering with the angel and venture communities to support
innovation in the Commonwealth.”
About Content Raven
Content Raven was founded in July
2011 by Vasu Ram, and had previously been self-funded. From the company: “Content
Raven empowers enterprises of all sizes to control intellectual property and
other valuable content as it is shared externally. The company provides content
distribution and control through the cloud, with usage analytics, to mobile and
other devices focused on rich media. Content Raven's end-to-end content control
and analytics solution enables users to securely and easily share and track
rich media, video, and other critical documents without risk of loss or abuse.
Easy to use, with no software installation required, Content Raven is the first
and only cloud-based content control solution that supports multiple devices, including
mobile, and any type of content format. Companies around the world, including
EMC, Gryphon Networks, and Certified Home Care use Content Raven. Content Raven
is headquartered in Marlborough, MA."
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| Vasu Ram |
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