EveryScape Secures $7 Million in Series B Venture Financing
New Investor Dace Ventures Leads Round
WALTHAM, Mass. (March 5, 2008) – EveryScape, Inc. (www.EveryScape.com), creator of “The Real World Online,” has secured $7 million in Series B venture capital financing. Led by new investor Dace Ventures, the Series B round also includes existing investors Draper Fisher Jurvetson, Draper Fisher New England, Draper Atlantic and LaunchPad Venture Group. EveryScape will use the financing to grow its sales force, accelerate new city launches and fuel new community features.
“Dace is consistently looking for the next wave of innovation in the Web 2.0 space coupled with passionate entrepreneurs that can bring cutting-edge technology to market,” said Dave Andonian, managing partner at Dace Ventures. “EveryScape’s stellar management team has the potential to fundamentally change the way we explore cities, towns and businesses online by truly replicating the real world experience. We are impressed with their ability to navigate the marketplace effectively with their scalable and differentiated approach and look forward to working with them in this exciting space.”
“When we launched our first demo of San Francisco’s Union Square last May, we announced our intention to launch 10 destinations by the end of 2007. We’ve met that aggressive goal and exceeded it with overwhelming interest from local businesses to become part of EveryScape’s Real World Online,” said Jim Schoonmaker, EveryScape’s CEO. “We’re thrilled to be working with Dace Ventures and look forward to leveraging their digital media and consumer marketing acumen to extend EveryScape’s technology leadership as we execute an aggressive growth strategy for 2008 and beyond.”
Bridging the gap between the physical world and the virtual one, EveryScape has created a visual and interactive platform for local search. With EveryScape, users can walk down city streets and explore the interiors of local buildings, landmarks and businesses. By replicating the real-world experience, EveryScape lets people visually explore a digital replica of a destination.
The Real World Online (www.everyscape.com) includes major metropolitan areas such as Miami, Boston and New York as well as travel destination hotspots like and Aspen, Breckenridge and Snowmass and Laguna Beach. EveryScape plans to launch at least four additional major U.S. cities over the next few weeks.
About EveryScape, Inc.
EveryScape, Inc. is creating The Real World Online through a visual platform for local search that creates a virtual experience of all metropolitan, suburban and rural areas. EveryScape will ultimately let users share their stories and opinions about real-life daily experiences against a backdrop ranging from streets and cities, communities, restaurants, schools, real estate and the like. Leveraging its patented HyperMedia Technology Platform™, EveryScape is using a simple, highly scalable approach that allows the company to tap into local communities and users in building out the online world. EveryScape is headquartered in Waltham, Mass. and is venture backed by Draper Fisher Jurvetson, Draper Fisher New England, Draper Atlantic, LaunchPad Venture Group and Dace Ventures. Find out more at www.everyscape.com.
About Dace Ventures
Based in Waltham, Mass. Dace Ventures is an early-stage venture capital firm with over $70 million in funds under management. Dace is actively investing in entrepreneurs building the Next Wave of internet-related innovations in digital media, consumer marketing and mobile services. First and foremost, the fund invests in entrepreneurs who are building great teams. Dace looks for companies with compelling innovation, first mover advantage in high-potential markets and an opportunity for the partnership to provide value at key inflection points of growth. Current investments include auctionPAL, CityVoter, EveryScape, LocaModa, Panraven, and Vitrue. For more information, go to www.daceventures.com.
Dace Ventures is a trademark of Dace Management LLC. All other brand and product names appearing on this announcement may be trademarks or registered trademarks of their respective holders.