Press • EPIC Ventures and TomorrowVentures Invest in DOTGO to Revolutionize Mobile Industry
NEW YORK, New York--May 19th, 2010--New York-based mobile technology start-up company DOTGO today announced the completion of its Series A investment round, financed by Salt Lake City-based EPIC Ventures and Palo Alto-based TomorrowVentures. The financing will be used to enhance and promote the revolutionary DOTGO mobile publishing platform.
The innovative DOTGO platform allows any company, brand, or web site to quickly, easily, and cheaply offer mobile services, focusing on text messaging, a ubiquitous service that is available on billions of mobile devices around the world.
DOTGO also announced that Chris Stone, Managing Director of EPIC Ventures, and Court Coursey, Managing Partner of TomorrowVentures, have joined the company’s Board of Directors. Stone has nearly 30 years of operational and entrepreneurial experience in both public and private technology companies. Coursey has more than 20 years of experience as a serial entrepreneur and brings operational expertise, as well as an extensive variety of contacts in industries around the globe ranging from technology to entertainment.
"EPIC Ventures and TomorrowVentures are fantastic partners for DOTGO," said Stefan Gromoll, President of Technology and co- founder of DOTGO. "We believe that the financial and time investments of these companies will play a crucial role in the success of our DOTGO platform."
"The plan now is to aggressively promote DOTGO, which is the simplest, most powerful, and most elegant mobile publishing platform out there," added Kenneth M. Lanzetta, President of Products and co-founder of DOTGO.
"DOTGO is an incredible technology, and we are proud to be a part of it," said Stone. "We see it as a way to truly extend the internet into text messaging." Coursey noted, “DOTGO solves the largest issues in mobile publishing and text messaging and offers publishers a solution that easily works with their systems. We believe that DOTGO has the potential to become a market leader in a burgeoning category."
DOTGO is a powerful new mobile publishing platform that allows any company, brand, or web site to quickly, easily, and cheaply offer mobile services, with particular emphasis on text messaging. DOTGO was founded in 2007 by Kenneth M. Lanzetta, a professor of Physics and Astronomy at Stony Brook University, and Stefan Gromoll, a former graduate student in astrophysics at Stony Brook University. The development of DOTGO has been partially funded by the National Science Foundation.
Founded by Zions Bank in Salt Lake City in 1994, EPIC Ventures is a premier venture firm focused on early stage technology investments in Internet infrastructure, software and services and advance materials. EPIC helps to create companies, not just fund them. EPIC is focused on the Western States as well as opportunities presented in Boston and NYC. EPIC typically syndicates its investments with the most well know investors in the United States. EPIC's Fund IV is actively investing in creating the country's future information economy. For more information, please visit www.EPICvc.com.
TomorrowVentures is a seed and early-stage venture capital firm focused on developing innovative ideas that have the power to change the way we live, interact, and thrive. Founded in 2009 with a unique approach to venture capital and an extensive, diverse base of experience and expertise, we add value far beyond capital. Our goal is to grow companies capable of transforming technology, lifestyle and philanthropy. TomorrowVentures is headquartered in Palo Alto, California. Learn more at www.tomorrowvc.com.