Netbase –Turn entire Internet into a manageable database of answers for specific users got VC funding
What Company Is Offering:
This company will help you to understand your consumer base through digital intelligence.NetBase aims to turn the entire Internet into a manageable database of answers for specific users. Its technology unlocks the potential of digital information for organizations.NetBase insight discovery tools are changing the way people search. These tools are assisting market researchers at Fortune 1,000 companies with netnography and social media understanding and enabling science, technology and medical (STM) publishers to enrich their documents for researchers.
How Much It Got From VC Funding:
This company got $9 million in VC funding in its series C round which is led by Altos Ventures and Thomvest Ventures.
How This Company Will Use New VC Funding:
Company is planning to use this new funding to expand a growth plan across the organization including building out sales, marketing, business development and product management functions etc.
They prefer to be the first and lead institutional investor in early and growth stage companies that can grow without raising much more capital after its investment. They can invest up to $10 million. They have no minimum. Initial investments are typically $1 to 3 million. They prefer to own a meaningful minority stake, usually over 20%.know more at:http://www.altosventures.com/
Thomvest is a venture investor in early stage technology companies that have built compelling solutions for large and growing markets. It focus on investing in entrepreneurs at the earliest stages of company formation. They typically partner with companies that are seeking either their first or second round of institutional investment, but it also make seed investments in select opportunities. know more at:http://www.thomvest.com/