Oneforty Raises $1.2M More to Develop Twitter App Store

12/18/09Follow @bbuderi

Oneforty, the Brighton, MA-based Twitter app store startup that has wooed and wowed angel investors on both coasts, has taken in about $1.25 million in new funding, to go along with $372,525 it had previously raised from debt financing that was converted to equity, according to an SEC filing today. The filing indicates the total of just over $1.6 million raised so far is part of a round planned to tally about $2.4 million. We profiled oneforty and its founder and CEO Laura Fitton in a two-part story back in October, not long after the company starred in two TechStars pitch fests, one in Cambridge, MA, and one in the San Francisco Bay Area.

I spoke briefly this afternoon to Fitton, who said she couldn’t say much at this time. “As far as the funding, I can tell you that I’ll be able to tell you more approximately January 12,” she says. “We actually have some really cool company news that will be coming at the same time.”

I’m just guessing, but perhaps that is when Fitton hopes to close on the rest of this round, although it sounds like there might be some other news as well.

Several angel investors have already stated publicly that they have invested in oneforty, among them Hubspot co-founder Dharmesh Shah, John Landry of Lead Dog Ventures, and Laura Rippy, former CEO of Handango. They have plenty of company: the filing indicates that 22 investors have put money into the startup to date. According to today’s filing, former investment banker John Prendergast, whose LinkedIn profile lists him as founder and CEO of Value Media, and Jeff Bussgang, a general partner at Flybridge Capital Partners, have joined oneforty’s board.


Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @bbuderi

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  • Mark

    Congrats to oneforty on the raise – hope they do well by it! I can’t help but to notice the love affair that Xconomy has with this start-up. While a lot more successful and novel Boston-based start-ups struggle for recognition, oneforty seems to continue receiving gratuitous free publicity and funding encouragement from Xconomy writers. I’m all in support of oneforty being successful and wish them luck, but wonder why they garner so much favor as to receive such incredible coverage that other local start-ups hardly can dream to have support them in their battle for growth.

  • http://www.dailygrommet.com Jules Pieri

    Mark, I do see that outsized press phenom with Oneforty. But I don’t think there is some nefarious relationship going on here between the company and Xconomy. Consumer businesses are of broader interest than almost any other type–because people can relate to the products. In this case, people use Twitter or hate Twitter or wonder about Twitter. As evidence of that kind of consumer-driven mindset, despite the fact that this is a pretty minimal story, information wise–it is still one of the most popular ones on Xconomy, three weeks after publication. If I were a journalist I’d be thinking about writing stories that people want to read. I guess this is that kind of story.

    And, it IS newsworthy because it it’s pretty darned hard to get VC funding for ANY consumer biz in Boston, so this a real coup. I’m delighted Laura did not have to pack up and go to the West Coast like RunMyErrand and countless others. Let’s celebrate this local victory.