42 Ventures
2323 Foothill Drive, Suite 200, Salt Lake City, UT, 84109, United States
Overview
42 ventures provides business builder, internet expert and growth company investor. 42v takes a unique approach that is unlike traditional venture firms, angel investors or private equity groups. Everyone involved with 42v has started and grown their own business which means they know what it takes to win. And since the investment capital comes from Ned, his team, and a tight circle of advisors, they are true partner in building the business. For some companies that simply need capital, 42v is not a fit, but when entrepreneurs desire a partner that can help make the business grow, this model really works. 42v invests between $250,000 and $1.5 million in a typical deal. There is no time frame on exit, nor is there a fixed structure for investing. The firm maintains an evergreen fund of capital meaning that the team having enough time to support a new portfolio company is the primary constraint, not money. They like companies that already have products and customers and seek out businesses with well defined markets generally focused on a specific industry or specialized function.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Cloud Computing
- Financial Services
- GovTech
Investment portfolio
- Kickanotch mobile
Led · Series A · Nov 2011
Kickanotch Mobile builds an integrated mobile marketing and monetization platform that includes native apps for major devices, an online control panel, analytics dashboard, and an ad delivery solution. Its REVkick platform gives clients a web control panel to manage campaigns, track user data, and update web content in real time without involving developers. Clients include TV broadcasters, radio stations, publishers and corporations, and the solution has drawn more than 50 broadcast, publishing and corporate brands. Media partners' apps have been downloaded in more than 100 countries and the company reports user growth consistently doubling month over month. Financially, Kickanotch recently closed a $1.1M Series A and earlier raised $500K from angel investors with incentives from the Kansas Technology Enterprise Corporation. The company plans to use the new capital to expand sales, marketing, and engineering teams and accelerate development of new platform features such as mobile analytics, lead tracking, and sponsorship marquees. Kickanotch mobile (formerly PRONTO! mobile) is a Roeland Park, KS-based provider of mobile cloud technology and services. Led by CEO Andy Lynn, the company delivers mobile marketing and monetization applications and a platform-management SaaS for broadcasting, publishing and corporate customers. Its product features include mobile advertisements, daily-deal alerts, social media integration, access to content and multi-media, QR Code technologies, banner-advertising management, CPC/CPM analytics tracking and lead generation. Kickanotch raised $500K in funding from six angel investors and the Kansas Technology Enterprise Corporation (KTEC). The company intends to use the funds to boost the development of its technology and services, mobile platform and internal team. The fundraising was announced on 08/07/2011.
Team
No current team members are available.