107 posts and columns on Ron Conway
FiftyThree, the New York-based company behind the popular iPad sketching app Paper, has raised $15 million in a Series A funding round led by Chris Dixon of Andreessen Horowitz. Other investors include Shana Fisher of High Line Venture Partners, Josh Kushner’s Thrive Capital, Ron Conway and Jack Dorsey. FiftyThree is comprised of ex-Microsoft designers and engineers who created Paper to enhance productivity on the iPad. The app is free to download, and includes in-app purchases for utility tool kits. The company plans to hire talent and expand the collaborative features of the app with the fresh funding.
News ByteRewarder, which is building an online marketplace where people hire each other for their knowledge, has raised $7 million in capital. The company’s first round was led by Granite Ventures and Radar Partners, with other angels participating, including Ron Conway, David Lee, and Kenny Lerer. While in private beta, more than 100,000 people used the platform for a variety of activities, like paying someone to build a travel itinerary, or posting a reward for anyone who can find a rare pair of shoes.
News ByteKabbage, which helps small online merchants obtain working capital, has raised $30 million in a third round of capital. The Atlanta-based company will use the funding to fuel growth opportunities. The round was led by Thomvest Ventures. Other investors, including UPS Strategic Enterprise Fund, Mohr Davidow Ventures, BlueRun Ventures, Warren Stephens, David Bonderman and Ron Conway’s SV Angel, also participated. To date, Kabbage has raised $56 million. Since launching two years ago, the company says it is now lending money to companies, which earn a combined $800 million in annual sales.