By Brian Kovalesky, StartUp Beat Editor
Today’s early-stage startup funding and acquisitions news:
San Francisco-based Storefront, which connects small retailers with unused space in brick and mortar stores for ‘pop up’ shops, has raised $1.6 million in Seed funding. Investors include Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, BoxGroup and Sand Hill Angels. The company, which was founded in 2012 and was a member of AngelPad’s fall 2012 accelerator class, is focused on utilizing unused retail space that allows independent retailers to rent short-term space, and creates a new revenue source for retailers with commercial space by enabling them to rent out previously wasted space. Storefront’s founders are CEO Erik Eliason, who previously co-founded SocialEarth Media and uTead.com, and COO Tristan Pollock, who was also a SocialEarth (acquired by 3BL Media last year) co-founder.
Vital Stats:
Website: www.thestorefront.com
HQ: San Francisco
Year Founded: 2012
Founders: Erik Eliason, Tristan Pollock
Investors: Mohr Davidow Ventures, Great Oaks Venture Capital, 500 Startups, BoxGroup, Sand Hill Angels (Seed)
Innovation: Allows independent retailers to rent short-term space for ‘pop up’ stores, and creates a new revenue source for retailers that have commercial space by enabling them to rent out previously wasted space.
Total Funding: $1.6 million
(Sources: Storefront, VentureBeat, TechCrunch, LinkedIn)
More funding and acquisitions news…
Hadoop hype spawns $8M for DataTorrent, product opportunities for Splunk, Teradata (via GigaOm)
HTML5 App Platform Ludei Nabs $1.5 Million in VC, Angel Funding (via AllThingsDigital)
Metacloud Announces $10 Million ‘Series A’ Funding to Extend Private Cloud Offerings (via company press release)
TV industry-backed second screen app ConnecTV raises $1.4M (via VentureBeat)
Planet Labs Raises $13M From DFJ, OATV, Founders Fund To Build The World’s Largest Fleet Of Earth-Imaging Satellites (via TechCrunch)
Brit + Co. raises $6.3 million to build DIY-driven media company (via GigaOm)
Quartzy snaps $6.6M in new funding to bring some order to labs (via VentureBeat)
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