Kyle
Boulder startup Mocavo has announced a $4 million dollar funding round to expand their business of helping people find their ancestors. Yes the site competes with Utah genealogy giant Ancestry.com but in playing with the site for just a few minutes, the search function was much easier and the results were much more precise.
Mocavo offers a great search engine for free, that will even let you access records, newspapers and other citations for free. They let you drill down if you become a premium member which is free for the first week.
Mocavo was part of the TechStars program last year, graduating out of their 2011 class.
Mocavo’s COO Ryan Hunter thanked Boulder and TechStars in the Wednesday announcement. He reconfirmed their commitment as part of Boulder’s startup scene and even announced some job openings they plan on filling with the funds from this round.
“As a Techstars 2011 team, we want to say how thankful we are for Boulder’s startup community, and that we will continue to support our town. With Foundry’s investment, we now have the resources to rapidly grow our technology with a talented team of product engineers and developers. We have immediate openings for front-end developers, back-end developers and interface designers”. Hunter said on Mocavo’s Blog.
The $4 million dollar round came from the Foundry Group. Seth Levine, Foundry’s Managing director will get a seat on Mocavo’s board.
Our friend Sean Ludwig at VentureBeat reports that Mocavo’s previously raised $1 million dollars in an Angel round “from a long roster of angel investors (most of them named Dave) including Dave McClure, David Cohen, David Bonderman, David Calone, Dave Carlson, and others.”
source: VentureBeat
