What is NewCo?
NewCo, headquartered in Petaluma, California, operates within the Travel Agencies & Services industry. The company employs between 10 to 19 individuals and generates revenue in the range of $5 million to $10 million. As a subsidiary of New York Newco Subsidiary Inc., the company is focused on developing its services and expanding its market reach.
How much funding has NewCo raised?
NewCo has raised a total of $7.4M across 3 funding rounds:
Angel/Seed
$2M
Debt
$1.1M
Angel/Seed
$4.3M
Angel/Seed (2015): $2M with participation from Bloomberg, Obvious Ventures, Freestyle Capital, Transmedia Capital, and True Ventures
Debt (2015): $1.1M, investors not publicly disclosed
Angel/Seed (2016): $4.3M supported by Transmedia Capital, True Ventures, and Obvious Ventures
Key Investors in NewCo
Bloomberg
Bloomberg Media is a global business news and information organization that connects leaders with news, data, and insights. It operates one of the largest business news organizations globally, covering markets, politics, technology, finance, and economic developments.
Obvious Ventures
The Obvious Corp is a full-service creative and design firm that transforms client ideas into compelling marketing and communications materials across multiple formats and channels, specializing in strategic design, copywriting, and illustration.
Freestyle Capital
Freestyle VC is an early-stage venture capital firm recognized for investing in numerous technology companies, including Airtable and Patreon. The firm focuses on supporting early-stage tech companies during their initial funding rounds.
What's next for NewCo?
The substantial enterprise-level funding indicates NewCo is likely in a growth or scaling phase, aiming to expand its operational capacity and market penetration. This strategic investment will probably fuel product development, market expansion, and potentially key hires to support its ambitious growth trajectory. The company's focus on the travel sector suggests potential for innovation in service delivery or customer experience.
See full NewCo company page
