At CommonAngels, we have been running at full speed the past six months. Like everyone else, we have had heartburn about the economy. We are concerned about financial and market risks but bullish about the high-quality, dedicated teams we are collaborating with and the lower competitive risks facing them. We are working even harder with companies to have tight financial plans that will allow them to thrive in the coming months and years.
As an example, we are pleased to announce our new Series A financing in inStream Media, a leader in providing targeted marketing programs delivered through brick and mortar retailers at the point of sale. CommonAngels and Stage 1 Ventures co-led the round and were joined by individual investors. inStream works with retailers, advertisers, and participating brands to develop innovative products to add value to the in-store shopping experience.
The company will use the funds to deploy its patent- pending marketing solution through leading retailers and with national and international advertisers. As part of the financing, David Baum, general partner of Stage 1 Ventures, LLC, and Jonathan Green of CommonAngels join the inStream board of directors.
