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| April 10, 2006 | Press Release |
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| Jigsaw Data Raises $12 Million in New Funding |
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| Portfolio Company: Jigsaw |
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Austin Ventures Leads Series C Financing Round, Which Includes El Dorado Ventures and Norwest
SAN MATEO, Calif. -- Jigsaw Data Corporation, the online global marketplace for buying, selling and trading business contact information, today announced it has closed $12 million in Series C financing. The investment round was led by Texas-based venture capital firm, Austin Ventures, which has $3 billion under management and has funded emerging companies for over twenty years. Existing Silicon Valley-based investors El Dorado Ventures (EDV) and Norwest Venture Partners (NVP) also participated in the round.
This latest financing will help the company fund continued growth, including new product development, as well as expansion of its data operations, business development and marketing initiatives.
Jigsaw's online marketplace for business contacts has quickly gained traction among sales, marketing and recruiting professionals who use the user-generated database to buy, sell and trade fresh and accurate business contacts. Just 15 months after launching, the Jigsaw database now has more than 2.7 million contacts at over 160,000 companies and is growing by 10,000 contacts a day through member contributions. Jigsaw's collaborative, self-correcting system has been recognized by technology thought leaders and industry peers alike, including being named to Business 2.0's "Next Net 25" list of companies to watch in 2006 and a Codie Award finalist by the Software & Information Industry Association (SIIA).
"Jigsaw's ability to leverage the power of the masses to collect and maintain a vast amount of data has the potential to transform the data industry. Its user-generated database creates data transparency and delivers efficiency not only to sales organizations everywhere, but anyone in need of accurate business contacts," said Thomas Ball, venture partner at Austin Ventures, who has also joined the Jigsaw board. "With the support of its growing membership, we believe Jigsaw is poised to become the de facto source for corporate contact information."
"We are very pleased to have Austin Ventures lead this round, given their expertise in Internet software and services and track record of building high-growth companies. Their active participation, along with the continued strategic direction and support of our existing investors El Dorado Ventures and Norwest Venture Partners, will help us to execute on our goal of mapping every business contact on the planet," said Jim Fowler, CEO and co-founder of Jigsaw Data Corp.
About Jigsaw Data Corporation
Jigsaw Data Corp. (http://www.jigsaw.com) is an online marketplace where members buy, sell and trade business contacts and company information. Jigsaw's directory of business contacts is a resource for business information that can be used to identify key decision makers and build prospect lists for lead generation, direct marketing and recruiting. The nearly 3 million records in the database are built and maintained by the global membership, resulting in the most up-to-date corporate directory in existence. Sales, marketing and human resources professionals use Jigsaw to increase efficiency when searching for the business contacts they need to grow sales and expand their businesses. Jigsaw is located in San Mateo, Calif., and is funded by Austin Ventures, El Dorado Ventures and Norwest Venture Partners. |
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