Financial Info Firm Monitor110 Gets Another $11 Million In Third Round

Strike the iron when it is hot, and why not: Monitor110, a much-hyped NYC-based financial information and intelligence firm aimed at Wall Street traders (hedge funds and institutional investors), has received another relatively big round of funding: it has raised $11 million in third round of funding. Draper Fisher Jurvetson (DFJ) led the third round and was joined by existing second round investors DFJ Gotham Ventures, Acadia Woods Partners and a group of prominent Wall Street and tech leaders, the company said. New investors include angel investor Ron Conway.
The announcement comes a month after its second round funding news of $5 million. Including this financing, Monitor110 has raised more than $20 million since its inception in December 2003.
TechCrunch: The company will begin offering its product for general subscription early next year after three years of development…The service tracks information from now 50 million sources (ODing on sources, perhaps?), analyzes it for topical relevance and delivers near real time alerts to customers. It focuses on blog, deep web and static web changes. The company says it will be more expensive than Bloomberg.

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