Participated · Series E · Nov 2024

Coremetrics provides a SaaS platform for digital marketing optimization, combining advanced online analytics with precision marketing applications such as search engine bid management, email marketing, and cross-sell tools. Its solutions are integrated into IBM's WebSphere Commerce. The company serves over 1,000 online business sites transacting over $15 billion this year and grew its customer base by 46% over the past year. Coremetrics reports sales win rates approaching 70% and has displaced competitors across online retail and other sectors. The firm says it will use new capital to continue record sales growth, accelerate marketing programs, and expand sales capacity, with investor 3i highlighting international expansion opportunities in Europe and Asia. Coremetrics is privately held and headquartered in San Mateo, California. Coremetrics is a San Mateo start-up that provides web analytics to measure traffic and visitor behavior for bloggers and website administrators. Investors injected $31M in new funding to help the company hold its own in a crowded analytics market. Participating investors include FTVentures and previous backers Accel and Highland Capital. The article describes Coremetrics as one of the bigger players in the industry but notes flashy Web 2.0 upstarts such as MeasureMap (just bought by Google) and Blogbeat are getting a lot of buzz. The financing is framed amid expectations of consolidation in the analytics industry. No revenue, user metrics, valuation, or instrument details were disclosed in the article.

Led · Equity · Dec 2008

Globant is an Argentinian software company that builds innovative software products and provides IT outsourcing using a mix of open‑source and proprietary software for multinational organizations. Its network of more than 2,500 software engineers (3,000 employees globally) across 15 locations in Latin America and the U.S. creates products for clients including LinkedIn, Google, Zynga, EA, Citi, Coca‑Cola, and Nike. The company developed LinkedIn’s mobile apps and implemented the OpenSocial framework for that professional network. Financially, Globant’s revenues for 2011 topped $90 million and the company grew 72 percent year‑over‑year; prior funding included a $15 million round. It recently received a $2 million investment from the Endeavor Foundation’s Catalyst Program, bringing total external investment to $30 million, and added Reid Hoffman to its Board of Advisors. There have been recurring rumors of a potential IPO, though the company has historically focused on building a long‑term, viable business rather than a quick sale. Globant provides software development, IT services and maintenance outsourcing, building products for mass audiences with a mix of open-source and proprietary technologies. The company has organized its work into eight specialized studios, including Luminous Gaming, Creative & Social and Sustainable Infostructure, to deepen domain expertise. It is privately held and employs more than 2,000 IT professionals across offices in Argentina, the United States, the UK, Uruguay and Colombia. Globant counts customers such as Disney, Google, EA, Sony, IBM and LinkedIn. The recent $15 million financing is intended to further growth and support an acquisition plan across Latin America and the United States. Company leadership has stated plans to pursue an IPO in the United States within the next few years. Globant provides software product development, R&D and IT maintenance outsourcing using agile methodologies, a blend of open source and proprietary software, Creative Studios, Innovation Labs and its proprietary SmartStaffing Technology. The company serves a blue‑chip client base that includes Electronic Arts, Coca Cola, SABRE and Citi. Globant has nearly 1,000 employees across seven delivery centers in Latin America and commercial offices in the U.S. and the U.K. Management says the business more than doubled in size over the prior 18 months and is a strong, profitable company. The company plans continued organic expansion and a strategic acquisition program across Latin America, the U.S. and Europe. Globant is privately held and headquartered in Buenos Aires, Argentina, with additional offices listed across Argentina, North America, Latin America and London.

Led · Equity · Feb 2007

ETF Securities creates and manages exchange traded products, including ETFs, commodity ETCs and currency ETCs, with more than 200 ETPs across equities, currencies and commodities. The firm pioneered ETC listings (Gold Bullion Securities in 2003) and built a global ETC platform listed in 2006. It offers physical, long, forward, leveraged and short exposures, trades in five currencies and is listed on nine major exchanges. ETF Securities has expanded significantly into the U.S., reaching $4 billion in U.S. ETP assets under management. AUM has grown from under $7 billion at the start of 2009 to $27 billion, an increase of $20 billion in a little over two years. Management says it has new products in the pipeline that should continue to drive AUM growth. ETF Securities is a San Francisco-based firm that develops Exchange Traded Commodities (ETCs). Its core product line is commodity-focused ETCs and Commodity Securities, which have been listed on the London Stock Exchange, Deutsche Börse, and Euronext Amsterdam. Following those listings, assets under management doubled since the end of September 2006 to US$285 million, with its latest Commodity Securities growing to over $100 million in under four months. The company received a $10 million equity commitment from FTVentures. FTVentures partner Ben Cukier has been named a new board member. FTVentures highlighted ETF Securities' European brand, product-development expertise, and potential to expand into other asset classes and unique investment strategies.