NewsGator Gobbles Up $12 Million Financing Round; Masthead’s Extreme VC Levandov Raises the Bar on Tattoos
Denver-based NewsGator Technologies, which makes one of the leading RSS news feed aggregators as well as other products designed to allow users keep up with online information, announced today that it has closed a $12 million funding round. The financing was led by new investor Vista Ventures of Boulder, CO. But it includes existing investor Mobius Venture Capital, also of Boulder, and Cambridge-based Masthead Venture Partners.
We couldn’t help but noticing that representing Masthead on the NewsGator board is Rich Levandov, the would-be tattooee behind Extreme VC: The Tale of the Tacoda Tattoo. That story chronicled Levandov’s bet with Tacoda founder and chairman Dave Morgan, wherein Levandov said he would get the Tacoda logo tattooed on his body if the company brought him a 10X return on his investment. When Tacoda was sold to AOL this past July for around $275 million, the price was high enough that Levandov got his 10X return. The tattooing is supposed to happen soon.
Given today’s news, we e-mailed Levandov about his NewsGator plans (as well as for an update on his Tacoda tattoo). His BlackBerried response:
“Dave Morgan and I are still looking for the perfect evening to do this.
As for Newsgator, I am upping my bets to 20x :)”
You hear that, AOL?