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Contact: Geoff Nudd
Foundog
Geoff Nudd
+1 650-616-4064
gnudd@glfound.com
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Sept. 16, 2008: Global Lost & Found closes Series A funding led by DFJ Frontier and including Sand Hill Angels
Funding Fuels Retail Expansion Strategy for Consumer Electronics Tracking Service.
SAN BRUNO, CALIF. - September 16, 2008 - Global Lost & Found (www.glfound.com), a provider of tracking and recovery solutions for portable electronics, today announced that the company closed a Series A venture capital round of financing led by DFJ Frontier. DFJ Frontier invests in seed and early stage technology companies on the West Coast, and is part of the DFJ Network, the most active venture capital organization on the planet. With offices in more than 30 cities around the globe, the DFJ Network has more than $6 billion under management to fund extraordinary entrepreneurs, and has backed companies such as Hotmail, Skype, Baidu and TicketsNow.
"DFJ Frontier invested in Global Lost & Found because it solves a very large consumer problem by addressing a universal fact of modern life: namely, that millions of portable electronic devices are lost each year, along with the valuable and sometimes irreplaceable data stored on them," said Oleg Kaganovich, Principal of DFJ Frontier. "GLF's service provides a simple and effective mechanism to recover these lost items by making it easy for anyone who finds a lost cell phone, laptop, camera or other device to do the right thing."
"We are very pleased to become a DFJ Frontier portfolio company," said Mr. Geoffrey Nudd, CEO of Global Lost & Found. "Global Lost & Found intends to be the world's leading brand in item tracking and recovery. DFJ Frontier is an ideal partner to support our growth with its track record of building world-class companies."
Global Lost & Found products are now available to consumers through Tiger Direct, CompUSA, and Fry's Electronics.
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About DFJ Frontier
DFJ Frontier is a venture capital fund known for early stage investing in a broad range of technology companies throughout the West Coast. DFJ Frontier backs passionate entrepreneurs and provides business assistance, not just capital. The firm typically leads the first round of investment, taking a significant stake in the company and an active role on the Board of Directors. DFJ Frontier is an affiliate of Draper Fisher Jurvetson and has offices in Sacramento and Santa Barbara, California. For more information, visit: www.dfjfrontier.com
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About Global Lost and Found
Based in San Bruno, Calif., Global Lost & Found provides a 24x7 global registry and recovery network that quickly and cost-effectively reunites consumers and enterprises with lost laptops, cell phones, MP3 players and other portable electronic devices. Global Lost & Found is backed by leading investment firm DFJ Frontier, and Sand Hill Angels. For more information, visit: www.glfound.com
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