Fresh Capital

Onefinestay Raises $12 M. for NYC ‘Unhotel,’ an Airbnb for Rich People

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Airbnb and Jetsetter better step up their local luxury game. Today, onefinestay, the London-based home-rental company announced it would be heading stateside, flush with $12 million in financing, and ready to open up its “unhotel” model in New York City. What, exactly, is an “unhotel”? Basically, just a fancy way of saying Airbnb for the fabulous set or Jetsetter’s Homes listings. The company finds high-end private abodes, takes care of the photography, marketing, and insurance, and offers amenities like linens and cleaning.

Global investment firm Canaan Partners, which has offices in New York and Silicon Valley, led the round. Existing investors Index Ventures and PROfounders also participated. Index has certainly been a busy beaver. Since revealing its new $442 million fund Sunday night, Index has already announced four deals, including New York darlings Codecademy and Shapeways. (Onefinestay cofounder and CEO Greg Marsh spent three years on Index Ventures’ IT investment team.) Read More

Venture Capitalism

Romney’s Former Firm Bain Capital Joins $12 M Round In Brooklyn-Based Blip Networks


Finally, a Bain Capital story that doesn’t involve the term “vulture capital.” This morning, Blip, a video network highlighting original web series, announced a financing round of more than $12 million. Bain Capital Ventures, Canaan Partners, and other previous investors contributed $6.5 million as well as debt from Silicon Valley Bank totaling about $6 million.

The company, formerly known as, filed a Form D in December of last year, signifying that they had already raised $6 million from Bain and Canaan Partners.

In the press release, Blip claimed revenue had grown 100 percent year-over-year thanks to 13 million monthly uniques in the U.S. and 30 million monthly viewers globally. The new funding, said Blip, will be used to develop tools and services for web series producers, invest in its advertising and distribution platforms, and “significantly expand” syndication relationships.

Betabeat spoke with Blip COO Steve Brookstein to talk about the competition for eyeballs, whether YouTube is a friend or foe, and if he’s voting for Bain founder Mitt Romney. Read More


Giant VC Firm Canaan Partners Opens NY Office

If you like our logo, wait till you see our living room.

Canaan Partners — a multibillion-dollar VC firm with offices in Silicon Valley, Israel and India — has opened a new office in New York.

“We’ve been investing in New York City since 1997 when we first backed DoubleClick. We continue to invest actively in this area, with nine new investments in the past several years,” Read More