13 Comments

Summary:

EXCLUSIVE: Our friends at Six Apart are about to get another big round of venture funding. It is their series B round of funding, and the lead investor in this round is said to be August Capital. August’s capital won’t be much of a surprise for […]

EXCLUSIVE: Our friends at Six Apart are about to get another big round of venture funding. It is their series B round of funding, and the lead investor in this round is said to be August Capital. August’s capital won’t be much of a surprise for the two entities have old linkages. For instance, former August Capital partner Andrew Anker is now an Executive Vice President of Corporate Development. The amount of money raised is still under a shroud, though I am told it could be well over $5 million, a modest investment when compared to Silicon Valley’s free spending ways of the past. (Press release says $10 million) Many of my better sources in Silicon Valley say that there was a good chance of Sequoia Capital participating in the round, but obviously that did not pan out. I have sources telling me David Hornik of August Capital spearheading the investment, and is likely to join the board of the company. The Trotts obviously are not talking, and neither is rest of the senior management. I had tried getting in touch with Hornik but he would not say. Anyway I am pretty certain of the news. Six Apart had received an undisclosed amount of money from Joi Ito’s VC fund, Neoteny. Reid Hoffman, a member of the founding team and former executive officer of PayPal is also an investor. The company has been on a tear and recently signed a deal with Nokia where Nokia camera phones (ugly as they might be) play nice with TypePad, SixApart’s hosted service.

  1. The power of the network? Anker is an alumnus of August; and Hornik, if I am not mistaken, blogs on MT or Typepad… like Victor Kiam.

    Share
  2. yes that is true. one happy family. which explains why sequoia was left out of the deal. a short sighted move if you ask me. now it is going to be only a matter of time before they fund another blogging company

    Share
  3. Uncle Om, Tell Us a Story

    Journalist Om Malik breaks another story on his blog that’s probably too small for Business 2.0 but certainly big for the blogosphere. Six Apart, the company behind TypePad, just snagged more funding.

    Share
  4. August Capital invests in Six Apart

    Om Malik reports that August Capital is about to invest over $5 million in Six Apart….

    Share
  5. Six Apart get series B funding

    Six Apart, the maker of MovableType and Typepad get a series B funding from August Capital. Via [Om Mailk] The amount of money raised is still under a shroud, though I am told it could be well over $5 million,…

    Share
  6. Six Apart get Series B funding

    Six Apart, the maker of MovableType and Typepad get a series B funding from August Capital. Via [Om Mailk] The amount of money raised is still under a shroud, though I am told it could be well over $5 million,…

    Share
  7. Six Apart finds a pot full of VC Dollars

    Six Apart are about to get another big round of venture funding. It is their series B round of funding, and the lead investor in this round is said to be August Capital. August’s capital won’t be much of a…

    Share
  8. some many cool investments

    Is this just the Web 2.0 conference or are we finally seeing full recovery of early stage investments? If you read this blog for a while you know I do not specialize on funding reports that much anymore but…

    Share
  9. Six Apart, series B funding

    If true, they are gaining speed rapidly. I wish them the best. Om Malik on Broadband: Six Apart finds a…

    Share
  10. Six Apart gets more VC funding

    The future is looking rosy for Six Apart, the company behind the TypePad blog hosting service (the one I use) and the Movable Type blog publishing platform. Business 2.0 journalist Om Malik published an exclusive announcement on his blog yesterday

    Share

Comments have been disabled for this post