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Venture Capital
i-hatch.com

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Investments

36

Portfolio Exits

15

Funds

4

About i-Hatch Ventures

i-Hatch Ventures was formed in February of 1999 to provide experienced capital to early-stage technology ventures, primarily in the mobile and broadband sectors.i-Hatch approach iis to match experienced practitioners with the founding teams of technology ventures, inject capital, and provide hands-on support from the i-Hatch team.Its investments filters focus on early-stage technology ventures doing business in key industry categories: mobile data services, communications, enabling technology and broadband.

i-Hatch Ventures Headquarter Location

584 Broadway, ste 1103

New York, New York, 10012,

United States

212.651.1750

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Latest i-Hatch Ventures News

Investor Profile: i-Hatch Ventures

Jun 3, 2013

Apple Brad Farkas from i-Hatch Ventures is a member of FundingPost online! Venture Fund Member Profile Share This Profile: i-Hatch Ventures was formed in February of 1999 to provide experienced capital to early-stage technology ventures, primarily in the mobile and broadband sectors. Our approach is to match experienced practitioners with the founding teams of technology ventures, inject capital, and provide hands-on support from the i-Hatch team. Our investment filters focus on early-stage technology ventures in the Northeastern U.S. doing business in key industry categories: mobile data services, communications, enabling technology and broadband. Brad Farkas General Partner i-Hatch Ventures Brad has been involved in the investment, management and development of technology for the past 15 years. During this time he co-founded 2 Venture Capital funds, developed five commercial software products, funded over 25 technology companies and served on more than a dozen boards. Brad is a General Partner at i-Hatch Ventures, where he leads their wireless and broadband technology practices, serving on the boards of ZTango (acquired by WiderThan), Vindigo (acquired by Forside, LTD), ThumbPlay, LimeLife, M*Metrics, Reaxion, and Equator Technologies (acquired by PixelWorks). Prior to co-founding i-Hatch, Brad was a founding Partner of Lazard Technology Partners (LTP), the venture capital group of Lazard Frčres & Co. LLC. At Lazard, Brad focused on wireless, internet and data communications technologies. Prior to Lazard, Brad was the Acting CFO and Director of Compatible Systems, a developer of IP routers and virtual private networking ("VPN") equipment. Brad raised three rounds of venture financing for Compatible, and was active in both business development and product strategy. Brad introduced the company to Cisco Systems who acquired it in March 2000. Representative Investments Thumbplay, Inc. Thumbplay, Inc. is a leading online platform of mobile entertainment content. In particular, Thumbplay Music is a leading SaaS full service mobile streaming music subscription service. In addition, the company aggregates, promotes and delivers mobile content directly to members via Thumbplay.com. The site offers ringtones, wallpapers, games and text-based services through a membership-based, community experience. Thumbplay, headquartered in New York, is led by CEO & Co-founder Evan Schwartz. Reaxion Reaxion is a market-leading mobile game publisher who develops games that are always connected, community-based, and fun to play. Every day, thousands of active mobile gamers use Reaxion's community platform, Gamarama, to connect to other gamers, compare high-scores and find new fun things to do with their phone. Using its own community-based technology and expert in-house developers, Reaxion has successfully taken Paramount, Warner Music Group, and Nickelodeon's licensed content to the mobile market. Reaxion's integrated licensing and marketing approach seamlessly unites fans with their favorite brands and mobile communities. Its own successful self-published titles include Minigolf 2, Mahjong Deluxe, and Solitaire Top 12 Multipack. M*Metrics M*Metrics is building a syndicated research framework to provide benchmark data for the wireless data sector. It was co-founded by Seamus McAteer, a leading research analyst covering the mobile sector, and Will Hodgman former President of Jupiter Media Metrix and EVP of Nielsen//NetRatings. Salsa Systems Salsa Systems provides software development tools and expertise for companies who wish to build mobile applications quickly and cost effectively. Through its breakthrough technology and services, Salsa enables enterprises to extend their existing data to anyone with a personal digital assistant (PDA) or other wireless device. Salsa’s products facilitate mobile e-business by leveraging existing data infrastructures to deliver the right transactions to the right devices at the right time. With Salsa, organizations can deploy complete mobile solutions that perform reliably, accurately and scale to process the growing volumes of critical business transactions at a fraction of the cost it takes with other mobile software platforms or service offerings. Brad participated in the FundingPost event: Mobile Venture & Angel Conferenceon Wednesday, October 17, 2012 in NY, Sponsored by Ambrose, Nolcha, SocialRadius, WeiserMazars, Human Demand To list your Company on our website and make your profile available to Brad and 7,500+ other VCs and Angel Investors, Click Here. About FundingPost For over Fourteen Years FundingPost has worked with thousandsof Angel and Venture Capital Investors. We believe that it isimportant to reach investors in every medium possible -both online and offline. We have been directly responsible fortons of success stories and Millions and Millions of dollars raised.We look forward to introducing your company to the leading Venture and Angel Investors nationwide. Sign up now: Entrepreneurs / Investors Join the FundingPost email list and learn how, when and where you can meet these Investors: Other Venture Profiles:

i-Hatch Ventures Investments

36 Investments

i-Hatch Ventures has made 36 investments. Their latest investment was in ootBox as part of their Seed VC on June 6, 2020.

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i-Hatch Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/19/2020

Seed VC

ootBox

$0.87M

Yes

1

7/21/2016

Series A - II

Fly Blade

Yes

4

5/28/2014

Series B

Gimbal

Yes

1

6/21/2012

Series B - II

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$99M

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0

7/8/2009

Series A - II

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$99M

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0

Date

6/19/2020

7/21/2016

5/28/2014

6/21/2012

7/8/2009

Round

Seed VC

Series A - II

Series B

Series B - II

Series A - II

Company

ootBox

Fly Blade

Gimbal

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Amount

$0.87M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

4

1

0

0

i-Hatch Ventures Portfolio Exits

15 Portfolio Exits

i-Hatch Ventures has 15 portfolio exits. Their latest portfolio exit was Fly Blade on December 15, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/15/2020

Acq - Pending

$99M

1

12/5/2016

Acquired

3

7/22/2015

Acquired

2

5/31/2013

Acquired

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10

3/7/2011

Asset Sale

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0

Date

12/15/2020

12/5/2016

7/22/2015

5/31/2013

3/7/2011

Exit

Acq - Pending

Acquired

Acquired

Acquired

Asset Sale

Companies

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Valuation

$99M

Acquirer

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Sources

1

3

2

10

0

i-Hatch Ventures Fund History

4 Fund Histories

i-Hatch Ventures has 4 funds, including HBSE Ventures LLC.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/7/2018

HBSE Ventures LLC

Multi-Stage Venture Capital

Closed

$25M

1

12/31/2007

i-Hatch Ventures II

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$99M

10

12/31/2000

i-Hatch Ventures LP

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$99M

10

1/1/1999

i-Hatch Ventures I

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$99M

10

Closing Date

8/7/2018

12/31/2007

12/31/2000

1/1/1999

Fund

HBSE Ventures LLC

i-Hatch Ventures II

i-Hatch Ventures LP

i-Hatch Ventures I

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$25M

$99M

$99M

$99M

Sources

1

10

10

10

i-Hatch Ventures Team

4 Team Members

i-Hatch Ventures has 4 team members, including former Chief Financial Officer, Andrew Sutton.

Name

Work History

Title

Status

Chip Austin

Founder

Current

Bradford L. Farkas

Founder

Current

Andrew Sutton

Chief Financial Officer

Former

Derek Reisfield

Managing Director

Former

Name

Chip Austin

Bradford L. Farkas

Andrew Sutton

Derek Reisfield

Work History

Title

Founder

Founder

Chief Financial Officer

Managing Director

Status

Current

Current

Former

Former

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