
Castile Ventures
7660-H Fay Avenue, Suite 240, La Jolla, CA, 92037, United States
Overview
Castile Ventures is an early-stage venture capital firm that provides financial banking and strategic guidance.
- Total investments
- 11
- Lead investments
- 4
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Finance
- Financial Services
- Venture Capital
Investment portfolio
- InboundWriter
Participated · Equity · Nov 2012
InboundWriter develops cloud-based software that incorporates real-time information gathered from the web to automate the process of optimizing online content. Its product integrates tailored best practices and deep insights directly into the writing process. The company has just released a new Enterprise tier targeted at content producers. InboundWriter is led by newly appointed CEO Skip Besthoff, who moved into the role after serving as a board member and investor via Castile Ventures. The San Mateo-based company raised $2.5M in new funding. Backers include Castile Ventures, Rho Canada Ventures, Formative Ventures, The Entrepreneurs’ Fund III and Crosslink Capital, and the company says it will use the capital to accelerate expansion into the enterprise market.
- Funambol
Participated · Equity · Oct 2012
Funambol offers the OneMediaHub white-label personal cloud solution for mobile operators, content providers and other companies. OneMediaHub is deployed by eight tier-1 mobile operators across five continents, addressing an addressable market of more than 1B subscribers. The company says it will use the new funds to accelerate worldwide expansion of its solution. Leadership includes CEO Amit Chawla, President Fabrizio Capobianco and CFO Alberto Onetti. Funambol is based in Foster City, California. Related news notes a prior $5.75M raise on 10/10/2012. Funambol provides a white-label personal cloud solution called OneMediaHub to mobile carriers, telcos, device makers, service providers, portals and system integrators. Customers are already deploying OneMediaHub to millions of their users. The company positions itself against ‘siloed’ services such as Apple’s iCloud, Google Drive and Microsoft SkyDrive by supporting multiple brands and cross-device compatibility, drawing on its open-source roots. Funambol has closed a new $5.75M funding round and secured a working-capital line to accelerate global expansion. Management says the financing will be used to speed customer acquisition and retention with major global mobile providers as demand for cross-device cloud services grows. Previous investors participated in the latest financing, underscoring investor confidence in its white-label personal cloud market opportunity. Funambol builds open-source cloud-sync software to synchronize cross-platform devices (laptops, smartphones, tablets) with heavily used websites and enterprise systems. The company markets itself as “like iCloud for all mobile phones and connected devices.” It began focused solely on mobile-device syncing and later introduced a mobile messaging app in 2008. Customers listed in the article include Alcatel‑Lucent, Rackspace, Sprint and Samsung. The company was named an OnMobile Top 100 winner. Financially, the company recently raised $3 million and previously received a $12.5 million injection from HIG Ventures and Walden International in 2008. Funambol develops open-source mobile messaging and synchronization software, including a carrier edition that scales to millions of users. Its push-email sync lets corporate email reach the roughly 98% of phones without native email capabilities. The software has been downloaded more than two million times, making it a leading open-source mobile offering. The company generates revenue through its carrier edition. Funambol has about 75 employees, with most of its development team located in Italy. With the new financing the company plans to expand in Europe and Asia. Funambol develops open-source mobile application servers. The company's core product is an open-source mobile app server platform. According to a regulatory filing cited by PE Week, it has secured $5.35 million of a planned $10 million Series B. Return backers in the financing include HIG Ventures and Walden Ventures. Funambol is based in Redwood City, California. The article does not disclose revenue, user metrics, or specific future plans.
- Connotate
Led · Series B · Apr 2012
Connotate provides automated functionality that allows organizations to monitor and extract information and content from the Web to deliver custom data solutions. The company serves customers including McGraw-Hill, Associated Press and Thomson Reuters. Led by CEO Keith Cooper, Connotate offers solutions for organizations of all sizes. It raised $7m in a Series B to support growth. The company intends to use the funding to establish a partner program and expand internationally and is currently hiring. Connotate is based in New Brunswick, NJ. Connotate builds software to help companies collect and understand data. TechCrunch reported the company scored $5.25M. The article emphasizes Connotate’s data-collection and data-understanding capabilities. No operating metrics (revenue or users) were provided in the piece. The report did not detail product roadmaps or future plans beyond the coverage of the raise. Additional corporate details such as founding year, location, investors, or prior rounds were not included in the article.
- Health Guru Media Inc.
Participated · Equity · Jun 2011
Health Guru Media operates HealthGuru.com, a video destination with a library of more than 2,250 titles covering over 100 health conditions and lifestyle topics including wellness and nutrition. The site focuses on health information videos and a video syndication platform that is scheduled to shed its beta tag next month. In May 2011 HealthGuru recorded more than 30 million video views and was ranked first among health video providers in minutes per viewer, video views, unique viewers, and total minutes streamed (comScore VideoMetrix). CEO Joshua Silberstein said HealthGuru streams more video than WebMD and Everyday Health combined. Donald Hackett, formerly CEO of DrKoop.com and 1-800-Doctors, has joined the company’s board. The company’s product and audience metrics are central to its positioning in the health video market. HealthGuru Media operates an online information site focused on medical conditions and an extensive health video library. Its content library contains more than 1,000 videos covering 75+ health conditions and targets the 18-to-40 demographic. The site attracts about two million visitors per month and the company says it is the largest health video destination on third-party distribution networks such as YouTube and MySpace TV. HealthGuru is building a network of verticals by chopping its health database into categories like pregnancy, college and sex health. The company's primary monetization strategy centers on advertising. It plans to use new capital to expand channels for traffic acquisition and to ramp up its revenue-generating capabilities.
- Eightfold Logic
Participated · Series C · May 2011
Eightfold Logic has launched InboundWriter, a cloud-based social writing app designed to help online content creators create relevant and shareable content. InboundWriter indexes the social web in real time to identify what target audiences are reading, sharing, and discussing, and streams that social intelligence into a web-based document editor. The editor provides recommendations on the best words and phrases to use and offers interactive feedback mechanisms to measure and optimize content. The product is aimed at bloggers and other online content creators and is compared in the article to tools like Zemanta. The company confirmed a new $2 million Series C financing from existing investors and said the new financing brings total capital raised to nearly $20 million. The company formerly operated under the name Enquisite.
Team
No current team members are available.