With $2.3M in New Funding, Bump Network Steers to Business
[Clarified 11/8/12, 9:30 am. See below.] Web entrepreneur Mitch Thrower is bumping up the funding at San Diego’s Bump.com, the online social network for people with cars.
Bump.com’s parent company, the Bump Network, says it has closed on $2.3 million in a second Series B round of financing. Investors include TomorrowVentures, the investment vehicle for Google Executive Chairman Eric Schmidt, New York’s J. Chris Burch (through his JCB Investments), ZIG Capital, San Diego’s Moore Venture Partners, La Jolla Holding Co., and several super angel investors. The current round brings the total capital raised at Bump to $4.5M, according to a statement from the company yesterday.
In a related move, Thrower tells me the company has recruited Shannon Day, a onetime Microsoft cloud services executive, to serve as Bump’s chief operating officer. Day previously headed Radar Sports, a startup he founded last year in Bellevue, WA, that develops mobile apps to help athletes find swimming and workout locations. Day spent the decade before that helping Microsoft transform its cloud services business through sales and marketing initiatives that included working with such customers as Boeing, Starbucks, Nordstrom, and Wells Fargo.
Thrower founded the … Next Page »