Wasabi Ventures Adds Nine Companies to Portfolio
Wasabi Ventures adds nine to its existing portfolio of nearly forty startups and successful online ventures. The companies are a diverse bunch, ranging in industry from sports to bridal, from energy to online video collaboration, and from health and wellness to horse racing.
- San Francisco, CA (1888PressRelease) March 01, 2012 - Wasabi Ventures (http://wasabiventures.com/), a venture capital firm and startup incubator, today announced the addition of nine new companies to its portfolio. Wasabi Ventures' portfolio includes such online success stories as PBworks, USTREAM, 500friends, and AppJet (the makers of EtherPad, acquired by Google).
These new companies are currently working with the development team at Wasabi Ventures, which includes a full staff of developers, engineers, and designers.
The new additions, listed in alphabetical order, are:
Equisight (http://www.equisight.com/), an interactive technology company that seeks to revolutionize the way horse racing is shown by giving fans the ability to "ride" the race.
Fanarchy (full website coming soon), a sports Democracy platform which allows fans to participate in their favorite team's decisions.
Mosaic (http://www.mosaicarchive.com/), the complete solution for serious photographers to manage, access, sync, and safely store their images both online and locally.
Maryland Energy Advisors (http://pointclickswitch.com/), an independent energy brokerage company that seeks to takes the guesswork out of switching energy providers.
My Bridal Dream (http://www.mybridaldream.com/), a service to quickly and easily connect brides-to-be with wedding vendors.
Rent Conductor (http://www.rentconductor.com), an online service for connecting landlords, tenants, and contractors.
Takeoff (http://www.takeoffvideo.com/), an online platform to facilitate collaboration on both amateur and professional video production.
Try It Network (Private Beta), a gadget subscription service that allows its customers to try a new gadget for a month before deciding whether or not to buy.
Wellify (http://www.getwellify.com), a social media "game" that seeks to use networking to encourage employees in corporate wellness programs to achieve their health and fitness goals.
"Working with early-stage startups has always been a passion of ours," said managing partner Tom "TK" Kuegler. "It's incredibly rewarding to work with a group of dedicated and passionate founders and help them turn their concept into a profitable venture. And that's exactly what we're looking forward to doing with these new additions. By investing, advising, and incubating startups, we get to work with our portfolio companies as co-founders, not just investors."
Kuegler is currently an advisor to Equisight. "We welcome his knowledge and help guiding us to successful commercialization of our product and services that will bring horse racing out of the binocular era into the new millennium," said Kenleigh Hobby, co-founder of Equisight. "TK approached us at an event in Sedona, Arizona, and his quote to us was: 'I can guarantee you I'm the only one here with a TVG (Television Games Network) account.' Instantly we knew that we needed to further explore the possibilities with Wasabi Ventures."
Wasabi Ventures is bringing more to bear than just business expertise.
Mosaic, which won the VentureX pitch contest in January (co-sponsored by Wasabi Ventures and the abi Innovation Hub) is benefitting from Wasabi's technical help. Gerard Murphy, CEO, said: "We are excited to be a part of the Wasabi family. Over the next couple weeks, Wasabi will be helping us add web access to our online backup solution for serious photographers. This is a feature that our customers have been asking for and we are thrilled that Wasabi will be able to help us get there faster."
Murphy echoes the sentiments of the other founders. "The expertise that Wasabi Ventures brings to marketing and advertising is the missing piece to our growing company," said Phil Croskey, CEO of Maryland Energy Advisors.
Relevant Links
Wasabi Ventures Capabilities and Specialties: http://wasabiventures.com/capabilities/
The Wasabi Ventures Portfolio: http://wasabiventures.com/portfolio/
About Wasabi Ventures
Wasabi Ventures includes two distinct but connected practices: Venture Capital and Startup Incubation. We fund entrepreneurs, we start companies, and we help existing businesses succeed. We take active operational roles in our portfolio companies by leveraging our dedicated staff of over 40 specialists. Our team of engineering, sales, marketing, analysis, legal, accounting, and management professionals can cover every one of a startup's needs. We act as senior management to our start-ups and business consultants to those with companies who need our advice. We also provide investment capital and creative financing solutions to our chosen portfolio companies.
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