We are thrilled to announce $1.5M in seed funding from an impressive group of investors, both institutional and angels. The round was led by NEA
, with a strong participation from Index Ventures
. In addition Charles River Ventures
and Ignition Partners
have participated in the syndicate as well. At the same time, we also have some Angels who participated in the round, including Jeff Bezos
(Amazon) and Eric Schmidt’s Innovation Endeavors
, Erik Rannala
(Admob, Heroku, 99design), Russell Siegelman
(KPCB and Microsoft) and Rick Webb
(TheBarbarianGroup), amongst many.
We can finally grow Mashape and provide better services for all…
Image credit: https://flic.kr/p/biaSNZ
Even if your operation is a frugal bootstrap, most of the times you will need cash to finance your business as it grows.
For 3 reasons, you should always obtain that money before you need it.
This give you plenty of time to discuss your financing needs with a wide variety of sources. This way you can obtain the best terms and deal with people or institutions you’re most comfortable with
Desperation repels. It always provokes the question, usually unspoken
Desperation means the investor dictates the terms; usually take it or leave it
Anyhow, remember at all…
We’re very excited to announce our First Angel Round funding. Almost all startups have to pass over this step. So there is nothing surprising with that. But our story till now wasn’t so easy. Most of the time Americans don’t understand how harder is to achieve the same milestones if you are outside of this world, than in the USA, if you are just a little guy with a big dream 7000 miles away from San Francisco. You have to get into the network when nobody knows you. We grew up in Italy; it’s not the kind of…