Google Ventures Leads $500K Seed Round for San Diego’s Nettle
Nettle, a 10-month-old San Diego startup with a new social/local/mobile application for the global entertainment market, says it has raised $500,000 in seed financing led by Google Ventures. Advancit Capital and 500 Startups also participated, along with some angel investors that include former eBay and Qualcomm executives.
Nettle co-founder and CEO Brian Dear isn’t saying much about the venture. In an e-mail to me this morning, he says “the real big news is next month.” When I asked if Nettle will be a consumer-facing service, he replies, “Yes, we are doing a moble/social/local app for a large global consumer vertical. We’ll also have a corresponding website.”
Dear, who previously founded San Diego-based Eventful in 2004, started Nettle last October with Dan O’Neill, who is the chief technology officer. Dear and O’Neill worked together more than a decade ago at San Diego’s MP3.com.
Dear also worked in various management roles at RealNetworks and eBay. O’Neill, who stayed with MP3.com through its acquisition by Vivendi Universal, also was a co-founder of Trusonic, which was sold to Mood Media in 2007.