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  • A seed-stage venture capital
    firm focused on building the
    next great businesses in
    digital media.

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  • GumGum Secures Series A Financing

    July 31st, 2008

    Company releases non-flash based licensing platform, traction soars. Company raises Series A led by First Round Capital and Crosscut Ventures.

    SANTA MONICA, CA – July 31, 2008 – GumGum, an analytics and monetization platform for content online, announced today that it has secured a Series A round of financing. First Round Capital and Crosscut Ventures will co-lead the round. Howard Morgan and Brian Garrett join the company’s board of directors.

    The Series A funding will enable the company to build out Version 2 of its licensing product. No longer utilizing Flash technology, the new version is an enormous leap forward, providing full flexibility with content, improved monetization and no required changes in existing workflow between publishers and content providers
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  • A Means for Publishers to Put a Newspaper in Your Pocket

    July 28th, 2008

    SAN FRANCISCO — The thud of the morning newspaper landing on front porches may one day be replaced with the beep of downloads onto a cellphone.

    Verve Wireless believes it can save the dying local newspaper by making it mobile. It offers publishers the technology to create Web sites for cellphones. The company, based in Encinitas, Calif., already provides mobile versions of 4,000 newspapers from 140 publishers, including Freedom Communications, the McClatchy Company and The New York Times Company’s Regional Media Group. The Associated Press, its biggest customer, is betting that Verve has the solution to the nagging problem of dwindling print readership. It led a $3 million round of financing in Verve, a rare investment for the news organization.
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© Crosscut Ventures Management, LLC 2008