Monitor110 has developed a service aims to let institutional investors access and analyze real-time Internet information in ways that will let them boost their returns.
Today, the start-up announced it has raised $5M in a second round of financing, which actually closed back in January.
This is not a valley company, but given the number of investors here in Silicon Valley and up in San Francisco, this company could be quite relevant.
There is also a local investor: Menlo Park’s Draper Fisher Jurvetson. Other investors include DFJ’s 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,” according to the company.
Here are some of the bullish statements made by the investors in the press release:
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.”