The OneSpot Blog

OneSpot Completes $4.2 Million Series A Funding

Monday, February 9th, 2009

by Matt Cohen, CEO

OneSpot friends, family, and visitors from around the Web — welcome to our site, possibly for the first time.

I’m thrilled to announce that OneSpot has closed a $4.2M Series A round of financing, led by Silver Creek Ventures. Existing investors also participated, including Mike Maples (former Executive VP of Worldwide Products at Microsoft) and Pat Horner (cofounder and former President/COO of Perot Systems).

This is great validation of the vision behind OneSpot: that the new values of Web media are to help audiences solve the overwhelming information overload on today’s Internet and to embrace the linked nature of hypertext and the incredible depth, quality, and variety of content out on the Web today; that a human editorial voice can provide perspective, context, and commentary to make the Web manageable and understandable; that technology is necessary for human editors to effectively discover, curate, and share the best content from around the Web for their audience; and that anyone with passion and an understanding of their audience can build a connection with them.

It’s been nearly 15 years since I launched my first Website, the Houston Chronicle’s chron.com, and I’ve seen Web media mature over the years from what was mainly an electronic copy of offline media to something that takes full advantage of the strengths of the new medium. For some time it has been possible to build a site that did a reasonable job of making sense of a large part of the Web for your audience — but only through superhuman effort and a large dedicated team of editors — and it was bound to miss something. OneSpot’s goal is to make the tools to curate the Web accessible to a much larger audience.

There are so many people to thank that helped us get to this point, not the least of which are:

  • Our customers, who gave us confidence that we were on the right track;
  • Our team, particularly our CTO Mason Hale, who left 8 years as Chief Technologist at frogdesign to follow my dream and make it his own before there was any money at all to pay for it;
  • Our angel investors, who believed in the idea before there was much to show for it;
  • Our formal and informal advisors, including Brett Hurt (who has joined our Board of Directors), Bryan & Jeffrey Eisenberg, Ron McCoy, Peter Rojas, Steve Vandegrift, Steve Waters, and many more;
  • Our families, who put up with late nights and long hours — and will bear with us through many more;
  • And to John Adler and the team at Silver Creek Ventures, who have already added immense value and will continue to do so in the years ahead.

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For more details, please see our press release.