Stealth Startup 5to1 Raises $4.5 Million With All Star Founding Team
Wednesday, June 17, 2009 17:25
5to1, a stealth startup founded by former Fox Interactive execs Jim Heckman (pictured left) and Ross Levinsohn, has raised $4.5 million according to a recent SEC filing. Heckman is the CEO of the new company. Levinsohn, a partner at Fuse Capital, is on the board of directors.
The company isn’t saying what they’re up to yet. But Heckman has a history of successful startups - he founded Rivals.com (acquired by Yahoo in 2007 for $100 million), and Scout.com (acquired by News Corp./Fox Interactive in 2005 for around $50 million).
Other founders/execs/investors include Dale Strang, Mark Stieglitz, Michael Barrett and Woody Benson.
A summary of funding from the recent filing shows the company closed $2.2 million in April 2009 and $2.3 million in June 2009, bringing the total to $4.5 million. Fuse, Prism, and several angles are listed as investors.
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