Northwood Ventures
485 Underhill Boulevard Suite 205, Syosset, NY, 11791, United States
Overview
For three decades, Northwood Ventures has been a leading investor in venture capital and buyout opportunities. Northwood prides itself on being a fundamental investor seeking to maximize long-term cash on cash returns. We partner with experienced, successful management teams to generate superior returns. We structure our investments uniquely to meet the individual requirements of each portfolio company. Northwood has participated in the creation and growth of many leading companies in the communications, retail/consumer, manufacturing and financial services sectors. We invest at all stages of company growth, including industry consolidations. Our unique, long-term investment horizon, experienced professionals, and entrepreneurial orientation have made us an attractive partner for leading management teams across the United States for many years.
- Total investments
- 2
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 3
Investment portfolio
- Songclip (Audiobyte)
Participated · Series A · Dec 2018
Songclip offers an API that lets apps search for and share licensed short music clips and currently integrates with partners like PicsArt. The company licenses music and performs its own tagging and clipping while offering tools for labels to protect intellectual property and data on user interactions. Songclip combines human editors and technology to capture song nuances and associations. Co-founders Andy Blacker (CEO) and John vanSuchtelen (COO) say they aim to popularize the short audio clip as a media format across many apps rather than build a consumer brand. The team projects that music clips will become a ubiquitous app feature in the next nine to 12 months. Financially, Songclip announced an $11M new funding round and has now raised $23M in total. Audiobyte is the parent company of Gifnote, a music-messaging app and API that embeds licensed five- to fifteen-second 'Songbytes' into GIFs, photos, videos and text. The company has a patented technology platform, including a proprietary database and search engine of licensed Songbytes, and offers an iOS app and gifnote.com. Audiobyte has launched an API for social and digital platforms (currently available for Slack) and plans additional integrations. The company works directly with major labels, publishers, artist managers and reporting platforms to ensure licensing compliance and industry collaboration. Audiobyte completed a $6 million Series A to support engineering, search engine development, and continued deployment of its API. Gifnote has gained visibility—being named Apple’s 'App of the Day'—and recently added senior executives from J. Walter Thompson and Qello to its team.
- Rednote
Led · Equity · Sep 2016
Rednote is a NYC-based music messaging platform that connects creators and listeners through music-focused messaging features. The company raised $2.6M in funding in a round led by Northwood Ventures. Rednote said it will use the proceeds for product innovation, its launch, and strategic partnerships with content platforms and creators. The fundraise was announced alongside three executive appointments to accelerate growth: Andrew Blacker as Chief Executive Officer, Kristin McDonnell as Chief Operating Officer, and Marc Schmerler as Chief Financial Officer. The announcement was reported by FinSMEs on September 14, 2016.