Showing posts with label Venture. Show all posts
Showing posts with label Venture. Show all posts

Friday, 25 November 2011

PHP Fog Announces $1.8 Million Investment, Led by Madrona Venture Group

Portland, OR (PRWEB) January 11, 2011

PHP Fog, a PHP-based Platform-as-a-Service (PHP PaaS) cloud computing platform today announced that is has secured $ 1.8 million in financing from Madrona Venture Group, First Round Capital, Founders Co-Op, and other prominent angel investors.


PHP is the most popular web development language in the world, with millions of active developers and tens of millions of PHP-based sites already in deployment. PHP Fog is the only company offering effortless deployment and infinite scaling of PHP applications in the cloud. The company offers one-click deployments for many popular PHP apps and frameworks including WordPress, Drupal, Kohana, Zend, and SugarCRM. Also, with PHP Fogs N-tier scaling, customers no longer have to worry about reliability, since every part of their web stack has built-in redundancy and failover. The company is currently in private beta but expects to launch publicly in the first half of 2011.


PaaS is a red-hot sector and recent industry developments have validated the market need for cloud application platforms that help customers build, deploy and scale web apps, said Tim Porter a Partner at Madrona Venture Group who will join the companys board. PHP Fog identified an important customer need and developed an innovative, differentiated service with an all-star team that uniquely addresses it. Great companies start with great people and we are excited to help them grow PHP Fog to a large company.


"PHP Fog is precisely the kind of company - and Lucas is exactly the kind of entrepreneur - that Founders Co-op exists to support, said Chris DeVore from Founders Co-op, a seed-stage investment fund based in Seattle. He's a developer's developer, tackling an acute pain that he and his peers experience in scaling their own software businesses."


The company was founded in 2010 by Lucas Carlson, a PHP developer for over 8 years and one of the leading Ruby developers in the world. Prior to starting PHP Fog, Lucas was engineer #1 at Mog and helped to build and scale the site to tens of millions of monthly pageviews. Lucas also wrote the Ruby Cookbook for OReilly and is active in the open source community.


I couldnt be more excited about all the strong investors the company has been able to attract, said Lucas Carlson. We are in a space that is changing every day, but the opportunity is massive. Now we have the resources to scale quickly and provide a world-class service to PHP developers.


About PHP Fog


PHP Fog provides simple one-click installations of some of the most popular PHP applications out there.


It just works.


You get full access to the source code of your PHP application through git. Push your code changes to us and we will publish these changes to the cloud.


We handle deployment, failover, database maintenance, scaling, and all the other plumbing that can take an army of programmers and systems administrators to handle. Automatically. You pay only for what you use.


About Madrona Venture Group

Madrona Venture Group (http://www.madrona.com) has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region's most successful technology ventures. The firm invests across the information technology spectrum, including consumer Internet, commercial software and services, digital media and advertising, networking and infrastructure, and wireless. Madrona currently manages nearly $ 700 million and was an early investor in companies such as Amazon.com, Isilon Systems, World Wide Packets, iConclude, Farecast.com and ShareBuilder.


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Related Angel Investor Capital Press Releases

30+ Top Venture Capital Firms Scheduled to Meet with Emerging Companies in NYC on February 3, 2011

New York, NY (PRWEB) January 12, 2011

On February 3, 2011, 30+ of the leading Venture Capital and Angel Investor Groups in the New York area will present at FundingPosts (http://www.FundingPost.com) NYC Venture Capital Showcase sponsored by Credit Suisse. While most venture events allow start-ups only to listen to a panel discussion or to pitch to investors, this event is a "Reverse Venture Fair." This format allows Entrepreneurs to meet the Venture Capitalists and Angels in an informal cocktail party setting where the investors are the ones providing information about their companies. As an additional benefit, the investors will receive summaries of every company in attendance. Registration information is online at: http://www.fundingpost.com/breakfast/reg1.asp?event=179&refer=PR


During the evening cocktail party, VC Funds and Angel Groups will be exhibiting their firms. Each Fund will have their own table set up for the sole purpose of meeting great new companies seeking capital. Exhibiting firms include:


ARC Angel Fund, i-Hatch Ventures, Security Growth Partners, Trident Capital, Jumpstart NJ Angel Network, Launch Capital, ff Asset Management, NYC Seed, Tri-State Private, Investors Network, Genacast Ventures, Osage Partners, Golden Seeds, Greenhill SAVP, Originate Ventures, Vital Financial, Connecticut Innovations, Long Island Angel Network, Angel Investor Forum, Clove Hitch Partners, Kestrel Asset Management, NYC Investment Fund, StarVest Partners, Innovation Ventures, Metamorphic Ventures, Liquidity Works, Vencon Management, Zelkova Ventures, Radius Ventures, Edison Venture Fund


"We are thrilled to see such an amazing response from the Venture Community," said Joe Rubin, Director, FundingPost. "Due to the Huge demand from last year, we've made some great updates and are looking forward to the best Venture Showcase yet."


Register here for more details: http://www.fundingpost.com/breakfast/reg1.asp?event=179&refer=PR


ABOUT FUNDINGPOST:

With over 9,500 CEOs and 650 Venture Capital Funds attending events in 20 cities nationwide; a Printed Dealflow Magazine; and a deal-exchange website with over 7,700 VC & Angel Investor members & over 133,000 companies, that has, on average, made an introduction of an Investor to an Entrepreneur every business day since its inception; FundingPost believes that it is important to reach investors in every medium possible - both online and offline. FundingPost has been responsible for Millions and Millions of dollars in Venture Capital Raised!


FundingPost has had the opportunity to work with thousands of Angel and Venture Capital Investors over the past 10 years representing over $ 106.8 Billion.


Contact:

Heather Coull

FundingPost.com

800-461-5509

press(at)fundingpost(dot)com


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Related Angel Investor Capital Press Releases

NE Landmark Venture Forum to Feature John A. Lack Discussing Digital Media Trends: The Monetization Puzzle

New York, NY (PRWEB) January 17, 2011

John A. Lack, Chief Partner of FireMedia Partners and best known for creating MTV, Nickelodeon and Movie Channel will join the Landmark Venture Forum to discuss Digital Media Trends: The Monetization Puzzle on Tuesday, January 18, 2011 Greenwich Hyatt Regency 12:00-3:30pm for Landmark Angels, a group of approximately 165 highly experience accredited investors seeking to provide equity capital to early and growth stage companies.


Consumers now expect to be able to access content anytime, anywhere, and from any device at their disposal from PCs and tablets to mobile phones and web-enabled television. After years of offering content for free under paid advertising models, and experiencing piracy, the NE Landmark Venture Forum will explore the best models, practices and trends of monetizing digital media and look at this subject from the point-of-view of a CEO, media executive, investor, recruiter, and advertising network/agency.


John A. Lack will be joined by Panel Chair: Jeff Miller, Miller Communications Group; Claude Sheer, CEO of Vault.com, Former President of Ziff-Davis, Miles Spencer, Vaux Le Ventures, entrepreneur and investor, Edward R. Koller, Founder and Managing Partner of The Howard-Sloan-Koller Group and Ken Margolis, Founder of Premium Network and Premium Channels.


The first Northeast Landmark Venture Forum of 2011, hosted by Landmark Angels and Landmark Capital (http://landmark.angelgroups.net/).


FireMedia Partners. An A team of award-winning strategists, designers, writers, producers and developers. Champions of media products across all platforms. From business strategy to product design. From consumer research to marketing campaigns. From TV to your mobile phone. In the business of pioneering new businesses, funding and recruiting the best and brightest to build them. The company has offices in New York and Miami.


For more information about FireMedia Partners please visit http://www.firemediapartners.com


Photos: http://www.flickr.com/photos/firemediapartners


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