Total amount raised
$8.5 Million
Latest funding date
03/01/2016
Location
NewCo has successfully completed 3 funding rounds, attracting notable investors such as John Battelle and True Ventures. The company organizes forums and conferences to connect people with businesses on a mission.
Keep reading to explore the intricacies of NewCo's fundraising journey and the investors backing this innovative platform.
What Is NewCo?
NewCo is a private company based in San Francisco, California, specializing in organizing forums and conferences to connect people with mission-driven businesses. The company operates in various industries, including advertising platforms, B2B, digital media, events, and small and medium businesses.
With an employee count ranging from 5001 to 10000, NewCo has established itself as a significant player in its field. Although the founding year and founder names are not explicitly mentioned, the company has successfully completed three funding rounds, attracting notable investors like John Battelle and True Ventures.
How Much Funding Has NewCo Raised?
- Seed Round
- Amount Raised: USD 1,700,000
- Date: February 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial business operations and growth.
- Debt Financing
- Amount Raised: USD 700,000
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital for expansion.
- Seed Round
- Amount Raised: USD 6,054,645
- Date: March 2016
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations to new cities and develop more media products.
Total Amount Raised: USD 8,454,645. Current Valuation: Not publicly disclosed.
Key Investors
- True Ventures
- Details: True Ventures is a venture capital firm that invests in early-stage technology startups. They have a reputation for supporting innovative companies with strong growth potential.
- Investment Focus Areas: Technology, Consumer Products, Health and Wellness
- Notable Investments: Fitbit, Peloton, Ring
- Obvious Ventures
- Details: Obvious Ventures is a venture capital firm that focuses on companies combining profit and purpose. They aim to support businesses that have a positive impact on the world.
- Investment Focus Areas: Sustainable Systems, Healthy Living, People Power
- Notable Investments: Beyond Meat, Medium, Olly
- Transmedia Capital
- Details: Transmedia Capital is an early-stage venture capital firm that invests in technology companies. They focus on businesses with disruptive potential in their respective industries.
- Investment Focus Areas: Technology, Media, Consumer Internet
- Notable Investments: Domo, Wish, Zaarly
- Bloomberg Beta
- Details: Bloomberg Beta is a venture capital firm backed by Bloomberg L.P. They invest in early-stage technology companies, particularly those that can transform industries.
- Investment Focus Areas: Technology, Data, Media
- Notable Investments: Codecademy, Newsela, Slack
- John Battelle
- Details: John Battelle is the co-founder and CEO of NewCo. He has a rich history in the startup ecosystem, having launched Wired magazine, The Industry Standard, and Federated Media Publishing.
- Investment Focus Areas: Media, Technology, Startups
- Notable Investments: Wired magazine, The Industry Standard, Federated Media Publishing
What's Next for NewCo?
NewCo is poised for significant growth as it plans to expand its events to new cities like London, Detroit, Toronto, and Mexico City. This expansion, coupled with the development of new media products, presents a substantial opportunity for the company to increase its footprint and revenue streams.
With the recent funding round led by True Ventures, NewCo has the financial backing to support its ambitious plans. Future fundraising opportunities may arise as the company continues to grow and innovate, potentially attracting more investors.
However, NewCo faces challenges such as the need to become self-sustaining quickly and navigating a potentially challenging business climate. Managing rapid expansion while maintaining the quality of its events will be crucial for the company's success.
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