WashingtonVC Company Secures $6M in Financing from Draper Fisher Jurvetson & WPP
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Yield Software accelerates growth in combination with world class venture capital and media firms WASHINGTON, June 5 /PRNewswire/ -- WashingtonVC, a private equity firm founded by social entrepreneur and author Mike Mann (http://www.mikemann.com), announces that its portfolio company, Yield Software of San Mateo, California, has raised $6 million in Series B funding. The investment was led by venture capital firm Draper Fisher Jurvetson (http://www.dfj.com) and includes global media firm WPP (http://www.wpp.com). Yield Software, formed and funded by WashingtonVC (http://www.washingtonvc.com) and Mann in early 2007, is a software company that has developed a fully-integrated suite of automated web marketing capabilities including search engine marketing (SEM), search engine optimization (SEO), and landing page optimization. The solution is delivered as "software as a service", automating, simplifying and optimizing the process of marketing on the Internet. It enables companies of all sizes to efficiently expand their advertising and branding from traditional media to the Web. "I am pleased to welcome Draper Fisher Jurvetson and WPP as investors and partners," Mann said. "I look forward to working with them to guide the organization as it scales to serve a broader customer base. Furthermore, I congratulate Matt Malden and the entire Yield Software team on all their hard work in reaching this exciting milestone." About WashingtonVC WashingtonVC (http://www.washingtonvc.com), founded by serial entrepreneur and philanthropist Mike Mann, is a private equity firm that incubates early stage technology companies through active management and the exchange of complementary technologies and services. Loosely modeled after the traditional Japanese keiretsu, WashingtonVC's portfolio of companies share resources, talent, marketing resources and technologies to deliver innovative digital products and services. Companies currently in the portfolio include Phone.com, Yield Software, SEO.com, DomainMarket.com, StrongTech, Aux Interactive,Graphics.net, Dial-A-Geek, Sportsboards Online, X3O Emerging Technologies, HappyBirthday.com, and Software.com. WashingtonVC and Mike Mann have deep and lasting commitments to social responsibility as expressed by their relationships with Grassroots.org (http://www.grassroots.org) and Make Change! Trust (http://www.makechangetrust.org). SOURCE WashingtonVC Media Director of WashingtonVC, +1-888-221-4225, firstname.lastname@example.org
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