eBureau Secures $10 Million in Series C Funding Led by Tenaya Capital

September 29, 2009 - PDF

eBureau Secures $10 Million in Series C Funding Led by Tenaya Capital

Leader in Predictive Scoring for Online Advertisers Expanding Market Presence

ST. CLOUD, Minn. — September 29, 2009 — eBureau, a leading provider of predictive scoring and information services for online advertisers, today announced it has closed a $10 million round of Series C financing led by venture capital firm Tenaya Capital, with participation from existing Series A and B investors Split Rock Partners and Redpoint Ventures.

“Our investment demonstrates confidence in eBureau’s management team, the direction the company is taking and the opportunity at hand,” said Ben Boyer, managing director of Tenaya Capital. “We are impressed with the growth in eBureau’s business and believe that, with its real-time predictive analytics technology, the company is exceptionally well-positioned to help online advertisers improve their bottom-line results in the years ahead.”

Over the past two years, eBureau has expanded its customer roster to nearly 100 clients across multiple industries, including financial services, education, automotive, insurance and retail. Through continued product innovation eBureau has strengthened its market position as a leader in the use of real-time predictive analytics to help its clients acquire new customers via the Internet.

“This significant round of funding from top-tier investors further validates our proven approach to addressing the needs of the online advertising industry,” said Gordy Meyer, president and CEO of eBureau. “With this capital we will drive further product innovation and accelerate our growth through expanded sales and marketing activities.”

“A challenging economy places a higher premium on making every advertising dollar generate a strong return on investment. As consumer-facing businesses continue to shift their advertising dollars online, they are keenly focused on finding the best customers as efficiently as possible and making every dollar count,” added Meyer. “As a result, eBureau’s advanced predictive scoring technology has set the company apart from other offerings by delivering practical, valuable insights that enhance the power and performance of online ad campaigns. We help our clients make smarter decisions with their marketing budgets so they can find and convert new prospects into profitable customers.”

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About eBureau eBureau provides a powerful suite of real-time marketing information solutions. Its clients span numerous industries, including financial services, education, insurance, automotive, telecommunications and retail. With headquarters in St. Cloud, Minn., eBureau has designed and built a patented, state-of-the-art data warehouse and real-time predictive scoring system. Since its founding in 2004, the company has received $43 million in funding from its founders; Split Rock Partners; Redpoint Ventures; Pinnacle Ventures; and Tenaya Capital. For more information, please visit http://www.ebureau.com.

About Tenaya Capital Tenaya Capital is a leading venture capital firm with offices in Menlo Park, California, and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, the firm became an independent company in 2009. Over the years, Tenaya Capital has raised five funds representing over $1 billion of committed capital, and invested it in a wide range of high-growth technology companies, including software, consumer Internet, communications, semiconductors, electronics, and cleantech. For more information, please visit http://www.tenayacapital.com.

About Redpoint Ventures Redpoint Ventures teams up with exceptional entrepreneurs to help build industry defining technology companies. Redpoint partners have many decades of experience and success in technology investing; combined with this foundation, the firm is able to leverage a thriving network of entrepreneurs, partners, and industry experts to accelerate building market-leading companies. Redpoint’s portfolio includes innovative start-ups like Scribd, LifeSize, Blue Kai, HomeAway, Solyndra, Topspin Media, Gaia, Fortinet, Answers.com, and others. Redpoint partners have also backed industry leading companies such as MySpace, Netflix, Danger, TiVo, Juniper Networks, Foundry Networks, Ask.com, Zimbra, RightMedia, and Documentum. The firm is headquartered in Menlo Park, Calif., with offices in Los Angeles and Shanghai, China. For more information, please visit http://www.redpoint.com.

About Split Rock Partners Split Rock Partners, with offices in Minneapolis and Menlo Park, seeks emerging opportunities in healthcare, software, and Internet services primarily in the Upper Midwest and West Coast. Split Rock was formed in June 2004 by the teams responsible for healthcare, software and Internet services investments for St. Paul Venture Capital (SPVC) and continues to manage SPVC’s portfolio in those sectors. Split Rock closed a $275 million inaugural fund in April of 2005, and a $300 million second fund in May 2008. Representative companies backed by Split Rock’s team include Atritech, Disc Dynamics, EBR, eBureau, Entellus, Evalve, Gearworks, Internet Broadcasting, HireRight, LowerMyBills.com, MyNewPlace, QuinStreet, and Tornier. For more information, please visit http://www.splitrock.com.