Jan. 30, 2013
, a venture capital firm founded by entrepreneurs
, today announced the opening of its second location in the Flatiron District of
presence will enable the firm to better serve and grow its portfolio in
and the East Coast, where it will join a community full of promising tech startups.
is an active and diverse tech hub that has produced many remarkable companies, and we look forward to collaborating with great entrepreneurs as they grow their businesses," said
, co-founder of Lightbank. "The
tech community has deep roots in spaces like ecommerce and media that align with our expertise. By being on the ground, we strengthen our ability to help emerging tech startups develop and scale their businesses."
Lightbank plans to grow the number of investments into companies based in
and the East Coast region in the coming years, reflective of the increasing amount of venture capital flowing into the region's startups. The firm will continue to focus on early-stage tech companies, with areas of particular interest including ecommerce, media and health.
Since 2010, Lightbank has invested in more than 50 early-stage tech startups across the country, with nearly 20 percent of its portfolio located on the East Coast, including Frank & Oak, Contently, Centzy, Bevel, Ovuline and OnSwipe. Additionally, Lightbank's Keywell and Lefkofsky have co-founded
-based MediaOcean and InnerWorkings, both of which have a strong presence in
will head up activities at the firm's
office, with active participation from the firm's partners.
technology community surrounds its entrepreneurs with resources beyond just capital," said Keywell. "There is the government's support, collaboration from large organizations, many world-class conferences and events, hackathons, as well as an increasing number of co-working spaces and accelerators, which all work together to create an ecosystem that we are excited to join."
Lightbank is a
-based fund focused on early-stage technology companies. Founded by
, who are founders of Groupon, MediaBank, InnerWorkings (NASDAQ:INWK) and Echo Global Logistics (NASDAQ:ECHO), Lightbank not only makes investments of capital, but also takes an active hands-on role in helping entrepreneurs ensure their early- and mid-stage businesses grow and succeed. To learn more, please visit