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The Venture Codex

Tenth Avenue Holdings

483 10th Ave, New York, NY, 10018, United States

Overview

Tenth Avenue Holdings operates, acquires, and finances private and public companies while developing commercial and residential real estate.

Total investments
3
Lead investments
0
Investments · 12mo
0
Active investors
3
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Investment portfolio

  • Bambuser

    Participated · Equity · Sep 2020

    Bambuser's flagship product is Live Video Shopping, a cloud-based interactive live video streaming solution used by global e-commerce and retail customers to host live shopping on websites, mobile apps and social media. The company launched the product in late 2019 and reports rapid adoption by brands including H&M, Motivi, Moda Operandi, Frame, LUISAVIAROMA and Showfields. In Q2 2020, Bambuser's net sales grew 669% year-over-year; average viewers watched 11.18 minutes per show and 12% added at least one item to their cart (36% add-to-cart in beauty). The U.S. became the company's largest market despite having no physical presence after plans to open a U.S. headquarters were delayed by travel restrictions. Bambuser says the new funding will support physical expansion, aggressive recruitment and further product development to meet demand during the Q4 holiday season. The company was founded in 2007 and is listed on the Nasdaq First North Growth Market, with headquarters in Stockholm. Bambuser offers proprietary technology and products that let developers, organizations and brands integrate low-latency live broadcasting and viewing directly into mobile apps and workflows. The company’s platform is designed to drive ongoing engagement between broadcasters and their audiences. Bambuser’s mobile technology is installed on over 60 million devices worldwide. Led by CEO and co-founder Jonas Vig, the company focuses on serving professional B2B customers. It plans to use new funding to accelerate expansion, including deploying a dedicated sales team across key geographies such as Europe and North America. Bambuser also intends to launch the second generation of its Iris platform to advance its product offering. Bambuser provides a platform and backend that lets eyewitnesses and journalists record, transmit, and authenticate live user-generated video for major news events. The service is free for regular users while professional news organizations pay for access and integrations. Its technology is optimized to work over basic handsets and weak networks, an advantage the company traces to its early start in 2007. Bambuser recently rolled out an SDK to make it easier for organizations to embed its content on third-party sites. The company plans to focus on a B2B monetization strategy, expanding the platform for newsrooms and helping them source and verify UGC. Bambuser does not disclose user counts or revenues; the article notes it has raised at least $2.5 million in addition to the AP’s most recent investment. Bambuser is a Swedish live mobile streaming platform that enables users to share live mobile video with friends and followers worldwide. The service integrates with major social networks including Facebook, Twitter and Myspace and can be embedded in users' blogs or websites. It supports both consumer broadcasts and business use, allowing small organizations to large media companies to produce and distribute real-time and interactive mobile and web/DV-cam video experiences. The company has raised equity funding of an undisclosed amount. Bambuser intends to use the new capital to further expand its service. The funding announcement was published on 06/03/2011.

  • Attivio

    Participated · Equity · Mar 2016

    Attivio provides software that helps customers quickly access the right data and work with it to the point of informing decisions. The company targets customers in financial services, high tech, life sciences, and energy. Its solution is used by enterprises including Thermo Fisher Scientific, Citi, Qualcomm, UBS, GE, Nexen, and National Instruments. Technical partners include Hortonworks and BI vendors Tableau, TIBCO Spotfire, and Qlik. Led by CEO Stephen Baker, Attivio has raised capital to support growth and product deployment. The company intends to use the new funds to expand operations. Attivio is a Newton, Massachusetts-based developer of a unified information access platform. Its core product is the Active Intelligence Engine®, which combines enterprise search, business intelligence and big data to reveal actionable insight. The platform can be deployed on-premises or in the cloud for strategic applications and solutions. The company, led by CEO Ali Riaz, was founded in 2007. Attivio said it intends to use the $8M capital to continue to expand worldwide. In October 2012 the company raised $34M in a round led by Oak Investment Partners with participation from Per-Olof Soderberg and Tenth Avenue Holdings. Attivio, founded in 2007 and led by CEO Ali Riaz, is a Newton, Massachusetts-based enterprise software company. It provides a unified information access (UIA) platform, the Active Intelligence Engine® (AIE®), to integrate, correlate and analyze structured, unstructured and semi-structured information. The company serves large financial institutions and customers with information management challenges across life sciences, government, military, law enforcement, telecommunications and e-business. Attivio secured $34M in growth capital to expand sales and marketing, bring AIE to new global markets, and accelerate product research and development. The round was led by new investor Oak Investment Partners with participation from initial investors Per-Olof Soderberg and Tenth Avenue Holdings. In conjunction with the funding, Oak general partner Ifty Ahmed joined Attivio’s board of directors.

Team

  • Joel Citron

    Co-CEO and Co-Founder

  • Don Ingham

    Managing Director and Chief Investment Officer

    LinkedIn
  • Kimberly Francis

    Chief Marketing Officer

    LinkedIn