Trumba Closes $8 Million Series B Round Led By Oak Investment Partners
SEATTLE, Nov. 21 /PRNewswire/ — Trumba Corporation, creator of leading online calendaring solution OneCalendar(TM), today announced it has closed an $8 million funding round led by new investor, Oak Investment Partners. Existing investors August Capital, Kleiner Perkins Caufield & Byers and Trumba founders also participated in the round.
“Trumba has a proven leadership team that has brought new innovations to the category of online calendaring,” said Fred Harman, General Partner of Oak Investment Partners. “Trumba’s OneCalendar takes calendaring beyond the traditional notion of time management and scheduling to calendaring as a communications tool that allows all types of organizations and event communicators to increase event awareness and attendance in a cost-effective way.”
“We’ve seen tremendous momentum for OneCalendar among groups and organizations,” said Jeremy Jaech, CEO of Trumba. “OneCalendar is a powerful tool for communicating and promoting upcoming events. We are thrilled to have a new investor with the reputation of Oak as a partner helping us capitalize on the market opportunity and grow the business.”
Religious organizations, schools, sports leagues, health clubs, businesses, and clubs are among the types of groups taking advantage of OneCalendar’s unique publishing and communications capabilities. The investment will be used to accelerate sales and marketing initiatives as well as hiring additional development staff to drive continued expansion of the features of OneCalendar.
About Trumba
Trumba was founded in October 2003 to help connect people and communities through the events they share by creating a new type of connected calendar, Trumba OneCalendar. Trumba OneCalendar is available by subscription for $39.95 annually and offers a free online trial calendar. For more information, visit http://www.trumba.com/.
About Oak Investment Partners
Oak Investment Partners is a multi-stage venture capital firm with a total of $5.8 billion in committed capital. Investments are primarily focused on growth opportunities in enterprise application and infrastructure software, communication equipment and services, data storage, financial services technology, outsourced services, healthcare services and retail. Over the Company’s 25-year history, Oak has achieved a strong track record as a stage- independent investor funding more than 350 companies at various points in their lifecycle. Oak has been involved in the formation of companies, provided growth equity to mid- and late-stage businesses and financed management-led buyouts, as well as spinouts of operating divisions and technology assets.
About August Capital
August Capital was founded in August of 1995 by David Marquardt and John Johnston, both formerly of Technology Venture Investors (TVI). The firm currently has $750 million under management and focuses on investing in early stage technology companies. Early stage investments of the firm’s partners include Microsoft, Adaptec, Compaq, Sun Microsystems, Seagate, Intuit, Sybase, Visio, Actel and ViewLogic. In addition, members of the August team have been founders of numerous companies including Wired Digital, MMC Networks, Cobalt Networks and Transmeta. Together, the partners bring over 60 years of investment experience and their investments have created in excess of $400 billion dollars in equity value.
About Kleiner Perkins, Caulfield and Byers
Since its founding in 1972, KPCB has backed entrepreneurs in 450 ventures, including AOL, Align, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Google, IDEC Pharmaceuticals, Intuit, Juniper Networks, Netscape, Lotus, LSI Logic, Sun Microsystems, Symantec, Verisign and Xilinx. More than 150 of the firm’s portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions.
Trumba Corporation
CONTACT: Erika Shaffer of SutherlandGold Group, +1-206-972-5514, orErika@sutherlandgold.com, for Trumba
Web site: http://www.trumba.com/