Oneforty Raises $1.2M More to Develop Twitter App Store
Oneforty, the Brighton, MA-based Twitter app store startup that has wooed and wowed angel investors on both coasts, has taken in about $1.25 million in new funding, to go along with $372,525 it had previously raised from debt financing that was converted to equity, according to an SEC filing today. The filing indicates the total of just over $1.6 million raised so far is part of a round planned to tally about $2.4 million. We profiled oneforty and its founder and CEO Laura Fitton in a two-part story back in October, not long after the company starred in two TechStars pitch fests, one in Cambridge, MA, and one in the San Francisco Bay Area.
I spoke briefly this afternoon to Fitton, who said she couldn’t say much at this time. “As far as the funding, I can tell you that I’ll be able to tell you more approximately January 12,” she says. “We actually have some really cool company news that will be coming at the same time.”
I’m just guessing, but perhaps that is when Fitton hopes to close on the rest of this round, although it sounds like there might be some other news as well.
Several angel investors have already stated publicly that they have invested in oneforty, among them Hubspot co-founder Dharmesh Shah, John Landry of Lead Dog Ventures, and Laura Rippy, former CEO of Handango. They have plenty of company: the filing indicates that 22 investors have put money into the startup to date. According to today’s filing, former investment banker John Prendergast, whose LinkedIn profile lists him as founder and CEO of Value Media, and Jeff Bussgang, a general partner at Flybridge Capital Partners, have joined oneforty’s board.
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