Monitor110, Inc., developer of a revolutionary financial intelligence service that enables Institutional Investors to access, analyze and monetize real-time Internet information, today announced the January 2006 close of a $5M Series B round of financing.
Monitor110 will use the funds for further product and organizational development.
Participating in the round were Draper Fisher Jurvetson, its New York affiliate Draper Fisher Jurvetson Gotham Ventures, and Acadia Woods Partners. They join other investors that include a select group of prominent Wall Street and advanced-technology individuals.
Tim Draper, Managing Director of Draper Fisher Jurvetson commented on his firm's participation saying, "We believe that Monitor110's approach of using advanced intelligence technologies to extract investable information from the Internet will fundamentally change the way that investors not only consume, but also value Internet information." Jed Katz, Managing Director of DFJ Gotham Ventures, added "We're thrilled to once again back successful entrepreneur Jeff Stewart, together with Wall Street veteran Roger Ehrenberg. This is a winning management team with a fantastic product."
Jeff Samberg, Managing Member of Acadia Woods Partners, stated, "Given our extensive history across the investment landscape, we see broad applicability of the Monitor110 service for investors everywhere."
Jeff Stewart, Chairman and Founder of Monitor110, added, "We are proud and honored by the confidence shown in our company by some of the world's leading technology investors. It is a testament to the growth, development and future of Monitor110."
Roger Ehrenberg, President and Chief Operating Officer of Monitor110, added, "We couldn't be more pleased by the strength of our investor syndicate, representing the best of the venture capital, institutional investment and technology communities."