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TheStreet Open House

Onefinestay Raises $12 Million In Funding To Launch Unhotel In New York City

Stocks in this article: ACTVAPKTSFSF

Index Ventures is a venture capital firm, founded in 1996, that partners with entrepreneurs in the technology, biotech and clean tech industries. The team is based in Geneva, London, Jersey and San Francisco. Index works closely with companies at all stages to build disruptive technologies into market defining global leaders. The firm is currently investing from the Index Ventures Seed Fund (2010), Index Ventures fund V (€350 million, 2009) and the Index Ventures Growth IIfund (€500 million, 2011). Successful exits from the technology portfolio include Lovefilm (acquired by Amazon), Betfair (LSE : BET.L), Playfish (acquired by Electronic Arts), MySQL (acquired by Sun), Last.fm (acquired by CBS) and Skype (acquired by eBay). Index's current investments include ASOS, Astley Clarke, Criteo, Dropbox, Etsy, Facebook, Glasses Direct, Moleskine, Moo, Songkick and Sonos. For more information, please visit http://www.indexventures.com or follow on Twitter: http://www.twitter.com/indexventures.

About PROfounders Capital

PROfounders Capital is an early-stage venture capital firm backed by successful entrepreneurs with a focus on the digital media and technology space. PROfounders' investors number some of the best-known players within the Internet, mobile, and e-commerce areas. Our twenty investors include Michael Birch (founder of Bebo), Brent Hoberman (founder of Lastminute.com), Andy Phillipps (founder of ActiveHotels), and Karen Hanton (founder of TopTable). The fund's aim is to invest in and support new businesses with capital plus proactive advice and expertise in order to create long-term value and promote entrepreneurism. Our investments include tweetdeck (acquired by Twitter), Made.com, MangaHigh, and onefinestay. http://www.profounderscapital.com

SOURCE onefinestay

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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