What does NewCo do? According to their website, they help you engage with the people behind innovative businesses in their native environment. You visit companies not stuffy hotel ballrooms which gets you inside to see the engines driving real change in your city. See more about the company at the end of this post.
Also see TechCrunch article, NewCo, John Battelle’s Event Startup, Raises $1.7M From Obvious, True Ventures And More by Ingrid Lunden. Also see Newco’s website blog post Newco Announces Seed Financing by JBAT
The founders tweeted this out in the last week:
Big day @NewCoFest announcing seed financing from some amazing partners to take our format to the next level. Thank you!
— Brian Monahan (@brionic) February 19, 2015
— John Battelle (@johnbattelle) February 18, 2015
Backers included institutional investors Obvious Ventures, True Ventures, Bloomberg Beta, Transmedia Capital, Freestyle Capital, and Foundry Fund, as well as angels Chris Albinson, Andrew Anker, Bart Knaggs, Michael Lazerow, Dave Morgan, Dave Morin, Jordan Shlain, Owen Van Natta, and Michael Winnick.
The company intends to use the funds to expand its staff, build the technology platform, and create new products.
CLICK PAGE TWO BELOW TO SEE THE SHORT VIDEO ABOUT THIS NEW AND GROWING COMPANY