Portfolio » ICrossing

Company

The largest privately held digital agency was acquired by Hearst Corp in June 2010.

Hearst Corp. finalized Wednesday the purchase of digital-marketing firm iCrossing Inc. for about $325 million, according to people familiar with the matter, the latest traditional media company to bulk up on its digital-marketing expertise... Read more »

Hearst to Buy iCrossing

Details

Sector(s):

Internet Marketing

Status:

Acquired

StarVest Company Since:

June 2005

StarVest participated in a Series C financing joining RRE Ventures, LLC ("RRE") and Generation Partners. Oak Investment Partners invested in the company in June 2006 and Goldman Sachs joined the investor group in July 2007.

Company Founded:

1998

Contact Info

Hearst Tower

Hearst Tower
300 West 57th St., 20th Floor
New York, NY 10019
Main: 646.329.3500
Fax: 646.329.3501

Arizona

15169 N. Scottsdale Road, Suite C-400
Scottsdale, Arizona 85254
Main: (480) 505.5800
Fax: (480) 505.5801

New York Expertise

Key industries in the New York Metro area include:

Financial Services
Advertising
Media and Entertainment
Retailing
Consumer Products
Telecommunications

National Reach

StarVest's sector strategy leads the Firm to seek leaders in technology-enabled business services anywhere in the U.S.

This has the effect of diversifying the Fund geographically, including investing in regions that are relatively underserved by national institutional sources of expansion-stage venture capital.