SOURCE: Biz360

May 08, 2008 06:00 ET

Biz360 Secures $10 Million in Funding to Expand Product Line and Boost Marketing & Sales Personnel

Strategic Investment Led by Foundation Capital, With Full Participation of Granite Ventures and Scale Venture Partners

SAN MATEO, CA--(Marketwire - May 8, 2008) - Biz360® Inc., the leading provider of media and market intelligence solutions, announced the closing of a $10 million round of financing. The round was led by Foundation Capital, with full participation of other current investors, Granite Ventures and Scale Venture Partners.

With an opportunity to extend its market-proven suite of business intelligence products, Biz360 plans to use the funds to fuel development of next-generation products that capitalize on significant, emerging market research opportunities spurred by the evolution of consumer behavior on the Web.

"We invested in Biz360 because we believe strongly in the company's vision, its management and employees," said Bill Elmore, founder of Foundation Capital and current Biz360 board member. "Biz360 has a winning team that has already proven itself through results, growth and innovation. We are confident they will emerge as leaders in the research measurement sector."

"This round of funding will enable our company to capitalize on the unprecedented millions of customer product opinions that exist on the Web," said Brad Brodigan, CEO of Biz360. "We are excited about providing decision makers in marketing, research and product development with new and innovative means to harness these opinions in an extremely powerful way."

About Foundation Capital

Founded in 1995, Foundation Capital is a venture capital firm committed to supporting entrepreneurs and their companies, targeting innovative opportunities in clean-tech; consumer Internet and infrastructure; telecommunications and networking; and enterprise software and on demand services. Foundation Capital funds total more than $2.4 billion. For more information: www.foundationcapital.com.

About Granite Ventures

Granite Ventures has been helping early-stage technology companies build solid foundations for success since 1992. Granite has managed over $1 billion in venture capital and has invested in more than 90 private companies in the software, Internet and communications sectors. We partner with promising and successful entrepreneurs to create businesses that have a competitive edge and help them achieve category leadership. For more information: www.granitevc.com.

About Scale Venture Partners

Based in Foster City, California, the ScaleVP team is a long-standing partnership with a consistent, top-quartile track record of returns. Scale Venture Partners' insight-driven investment strategy, extensive operating networks and go-to-market expertise help identify and build winning portfolio companies in technology and healthcare markets. The ScaleVP team's proven skill-set and active approach provides entrepreneurs a competitive advantage for growth and category leadership. Representative portfolio companies include Alimera Sciences, Discera, Frontbridge, Glu Mobile, mBlox, Monolithic Power Systems, National Healing, NComputing, Omniture, Orexigen, ScanSafe, Somaxon, Vantage Media, Waterfront Media, Xceive and Zogenix. For more information, visit www.scalevp.com.

About Biz360

Biz360 delivers media and market intelligence solutions to Global 2000 business decision makers, providing them with a 360-degree view of their marketplace. The company gathers and analyzes a vast amount of traditional and social media about an organization, its brands, its competitors and its products to deliver real-time insights that help its clients shape market perception, respond to competitive threats, evaluate trends and issues and improve the return on their marketing investments. Biz360's clients include AAA, Aetna, AstraZeneca and Sun Microsystems. Biz360 can be reached at 866.424.9360 or www.biz360.com.

Links:

Biz360 website; board of directors
Foundation Capital: www.foundationcapital.com
Granite Ventures: www.granitevc.com
Scale Venture Partners: www.scalevp.com

Contact Information