New Investor Dace Ventures Leads Round
WALTHAM, Mass., March 5 /PRNewswire/ -- EveryScape, Inc.
(http://www.EveryScape.com), creator of "The Real World Online" has secured $7
million in Series B venture capital financing. Led by new investor Dace
Ventures, the Series B round also includes existing investors Draper Fisher
Jurvetson, Draper Fisher New England, Draper Atlantic and LaunchPad Venture
Group. EveryScape will use the financing to grow its sales force,
accelerate new city launches and fuel new community features.
"Dace is consistently looking for the next wave of innovation in the
Web 2.0 space coupled with passionate entrepreneurs that can bring
cutting-edge technology to market," said Dave Andonian, managing partner at
Dace Ventures. "EveryScape's stellar management team has the potential to
fundamentally change the way we explore cities, towns and businesses online
by truly replicating the real world experience. We are impressed with their
ability to navigate the marketplace effectively with their scalable and
differentiated approach and look forward to working with them in this
exciting space."
"When we launched our first demo of San Francisco's Union Square last
May, we announced our intention to launch 10 destinations by the end of
2007. We've met that aggressive goal and exceeded it with overwhelming
interest from local businesses to become part of EveryScape's Real World
Online," said Jim Schoonmaker, EveryScape's CEO. "We're thrilled to be
working with Dace Ventures and look forward to leveraging their digital
media and consumer marketing acumen to extend EveryScape's technology
leadership as we execute an aggressive growth strategy for 2008 and
beyond."
Bridging the gap between the physical world and the virtual one,
EveryScape has created a visual and interactive platform for local search.
With EveryScape, users can walk down city streets and explore the interiors
of local buildings, landmarks and businesses. By replicating the real-world
experience, EveryScape lets people visually explore a digital replica of a
destination.
The Real World Online (http://www.everyscape.com) includes major metropolitan
areas such as Miami, Boston and New York as well as travel destination
hotspots like and Aspen, Breckenridge and Snowmass and Laguna Beach.
EveryScape plans to launch at least four additional major U.S. cities over
the next few weeks.
About Dace Ventures
Based in Waltham, Mass. Dace Ventures is an early-stage venture capital
firm with over $70 million in funds under management. Dace is actively
investing in entrepreneurs building the Next Wave of internet-related
innovations in digital media, consumer marketing and mobile services. First
and foremost, the fund invests in entrepreneurs who are building great
teams. Dace looks for companies with compelling innovation, first mover
advantage in high-potential markets and an opportunity for the partnership
to provide value at key inflection points of growth. Current investments
include auctionPAL, CityVoter, EveryScape, LocaModa, Panraven, and Vitrue.
For more information, go to http://www.daceventures.com.
About EveryScape, Inc.
EveryScape, Inc. is creating The Real World Online through a visual
platform for local search that creates a virtual experience of all
metropolitan, suburban and rural areas. EveryScape will ultimately let
users share their stories and opinions about real-life daily experiences
against a backdrop ranging from streets and cities, communities,
restaurants, schools, real estate and the like. Leveraging its patented
HyperMedia Technology Platform(TM), EveryScape is using a simple, highly
scalable approach that allows the company to tap into local communities and
users in building out the online world. EveryScape is headquartered in
Waltham, Mass. and is venture backed by Draper Fisher Jurvetson, Draper
Fisher New England, Draper Atlantic, LaunchPad Venture Group and Dace
Ventures. Find out more at http://www.everyscape.com.
SOURCE EveryScape, Inc.
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Related links:
http://www.everyscape.com
http://www.daceventures.com/
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