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.
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- Hornik explains his side of the story.