Tech Company Financing Transactions

Sourcepoint Funding Round

Northzone Ventures, Accel Partners and Foundry Group participated in a $16 million funding round for Sourcepoint. The financing round was announced on 1/26/2017.

Transaction Overview

Company Name
Announced On
1/26/2017
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Undisclosed
Investors

Northzone Ventures (Lead Investor) (Par-Jorgen Parson)

Accel Partners

Foundry Group (Seth Levine)

Greycroft Partners

Spark Capital (Santo Politi)

Proceeds Purpose
Utilizing the investment, Sourcepoint plans to accelerate future product development -- building on 2016's Dialogue launch -- improving and increasing the variety of communications options and funding mechanisms publishers can access to ensure consumers can select methods that suit their unique needs, and preferences. The increased investment will also allow the company to realize its longer-term goal of becoming the "Spotify for digital content", creating a cross-publisher subscription platform for audiences based on a one-payment structure. Additionally, the company will be able to extend the current scale of its offering. In particular, Sourcepoint aims to continue expansion across Europe, giving publishers in the region the ability to work in partnership with their audiences by offering a flexible range of transparent compensation choices.

Company Information

Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
1201 Bdwy. 7th Floor
New York, NY 10001
USA
Phone
Undisclosed
Email Address
Overview
SourcePoint brings together the team, technology and multiple compensation models to create a balanced and sustainable media ecosystem. We work with the world's largest publishing companies to offer consumers a range of compensation choices to enjoy the content they love.
Profile
Sourcepoint LinkedIn Company Profile
Social Media
Sourcepoint Company Twitter Account
Company News
Sourcepoint News
Facebook
Sourcepoint on Facebook
YouTube
Sourcepoint on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Ben Barokas
  Ben Barokas LinkedIn Profile  Ben Barokas Twitter Account  Ben Barokas News  Ben Barokas on Facebook
Chief Operating Officer
Brian Kane
  Brian Kane LinkedIn Profile  Brian Kane Twitter Account  Brian Kane News  Brian Kane on Facebook
VP - Bus. Development
Jeffrey Teng
  Jeffrey Teng LinkedIn Profile  Jeffrey Teng Twitter Account  Jeffrey Teng News  Jeffrey Teng on Facebook
VP - Client Services
Melanie Deneau
  Melanie Deneau LinkedIn Profile  Melanie Deneau Twitter Account  Melanie Deneau News  Melanie Deneau on Facebook
VP - Client Services
Aline Liebau
  Aline Liebau LinkedIn Profile  Aline Liebau Twitter Account  Aline Liebau News  Aline Liebau on Facebook
VP - Engineering
Michael Guerra
  Michael Guerra LinkedIn Profile  Michael Guerra Twitter Account  Michael Guerra News  Michael Guerra on Facebook
VP - Marketing
Elena Morin
  Elena Morin LinkedIn Profile  Elena Morin Twitter Account  Elena Morin News  Elena Morin on Facebook
VP - Operations
Kelly Burke
  Kelly Burke LinkedIn Profile  Kelly Burke Twitter Account  Kelly Burke News  Kelly Burke on Facebook
VP - Product Management
Chloe Grutchfield
  Chloe Grutchfield LinkedIn Profile  Chloe Grutchfield Twitter Account  Chloe Grutchfield News  Chloe Grutchfield on Facebook
VP - Product Management
Michael Krauss
  Michael Krauss LinkedIn Profile  Michael Krauss Twitter Account  Michael Krauss News  Michael Krauss on Facebook
VP - Sales
Rhys Denny
  Rhys Denny LinkedIn Profile  Rhys Denny Twitter Account  Rhys Denny News  Rhys Denny on Facebook
VP - Sales
Erik Junge
  Erik Junge LinkedIn Profile  Erik Junge Twitter Account  Erik Junge News  Erik Junge on Facebook
VP - Sales
Lauren Vidaich
  Lauren Vidaich LinkedIn Profile  Lauren Vidaich Twitter Account  Lauren Vidaich News  Lauren Vidaich on Facebook


 

 

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Prev: 1/26/2017: Ring venture capital transaction
Next: 1/26/2017: Doctolib venture capital transaction

 

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