Factual Gets $25 Million Bucks From Andreesen Horowitz, And Index Ventures

Los Angeles-based mostly Factual has raised $25 million for its collaborative information platform and world-wide-web service

. Andreessen Horowitz and Index Ventures co-led the round, which incorporated participation from former Hollywood agent Michael Ovitz, and from SV Angel, a group formed by particular person buyer Ron Conway. Andreessen Horowitz co-founder Ben Horowitz and Index Ventures Danny Rimer join Factuals board like a consequence in the round.

The corporate programs to make use of the resources to accelerate its charge of progress, broaden its information offerings and expertise, and retain the services of top-top quality talent. Factual secured $2 million in angel funding previously this season.

This very first round of funding represents an vital milestone for Factual, capping off whats been an exhilarating twelve months for our company. Its a testament to the difficult function weve placed in hence far, and also the demonstrated electrical power of our know-how, said Gil Elbaz, CEO/Founder of Factual, Inc. While using new funding and aid of our superstar workforce of traders, we will become a driving drive inside open data revolution thats transforming the net (and the earth) as we know it.

Founded in 2007, Factual presents a platform for developers and publishers to produce apps by accessing knowledge by means of different APIs. Factual hosts datasets throughout numerous classes, and in September, the corporate launched nearby datasets for through 14 million US enterprises, as well as corporations in Australia, Indonesia, Ireland, Italy, Japan, Mexico, Russia, Singapore, Spain and the UK. Factual has also signed partnership offers with Property Junction and Booyah, and is delivering regional knowledge for Facebook Sites.

Factual is actually a key player inside the rising data-as-a-program market, together with the probable to fundamentally affect how people and organizations use knowledge for making conclusions, stated Ben Horowitz of Andreessen Horowitz. With Gils confirmed success as an entrepreneur and visionary, we consider he'll develop Factual into an crucial business.

We're thrilled to operate with Gil. He is surely an entrepreneur who has constructed landmark infrastructure to the website we appreciate every day, said Danny Rimer of Index Ventures. In Factual, we think he and his staff possess the skill to construct an even more elementary platform, generating it easier for developers significant and small to create the next era of services that may reside on this new word wide web of records.

by: Lyle Peterson

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