Funding

Mark Suster and New York’s Roger Ehrenberg Invest In Big Data Fresh From the Twitter Stream

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GRP Partners’ Mark Suster announced yesterday that he and Roger Ehrenberg, at IA Ventures in New York, are co-leading a $6 million investment in DataSift, a London-based data platform for third-party developers, brands, and publishers to capture real-time data. Although based out in L.A., TechStars just named Mr. Suster as a mentor for its new New York class. Mr. Suster has certainly made no bones of tweeting his pom-poms at local start-ups. Mr. Ehrenberg, on the other hand, has had his heart set on data mining. “As a former hedge fund guy, Roger immediately saw the value in helping companies better sift through the masses of data; often to gain better insights into financial information,” writes Mr. Suster on Both Sides of the Table.

News of the funding came just as Twitter announced that it hit the one-million-mark for registered apps, which the company says is “fueling a spike in ecosystem growth” in areas like analytics. Indeed, Mr. Suster described his investment in DataSift as “doubling down on the Twitter ecosystem.” Read More