Tuesday, February 5, 2013
Siemer Ventures Backs Ribbon
Los Angeles-based Siemer Ventures, the venture capital investor led by Eric Manlunas and David SIemer, has been one of the most active local investors lately--and is continuing that trend, with the investment in Ribbon. Ribbon, the developer of a social commerce platform which lets users list items for sale, distribute that through their social networks like Facebook, and accept credit card payments--said today that it has raised $1.6M in a seed funding round.
The San Francisco startup said the round was led by Draper Associates, and also included Siemer Ventures, Emil Michael (Klout), Naguid Sawiris, Winston Ibrahim (Hydros), and MicroVentures. Siemer Ventures -- which is completely separate from David Siemer's investment bank, Siemer & Associates-- has been placing a significant number of bets in both local and Bay Area startups. In the past few months, the firm has invested in a dozen companies, ranging from Surf Air, to Gradient X<, TakeLessons, Invested.in, and many others.
Curious to what Siemer has been investing in lately? Members can see our full profile of Siemer's investment activity in our database.