Oneforty Raises $1.2M More to Develop Twitter App Store

Oneforty, the Brighton, MA-based Twitter app store startup that has wooed and wowed angel investors on both coasts, has taken in about $1.25 million in new funding, to go along with $372,525 it had previously raised from debt financing that was converted to equity, according to an SEC filing today. The filing indicates the total of just over $1.6 million raised so far is part of a round planned to tally about $2.4 million. We profiled oneforty and its founder and CEO Laura Fitton in a two-part story back in October, not long after the company starred in two TechStars pitch fests, one in Cambridge, MA, and one in the San Francisco Bay Area.

I spoke briefly this afternoon to Fitton, who said she couldn’t say much at this time. “As far as the funding, I can tell you that I’ll be able to tell you more approximately January 12,” she says. “We actually have some really cool company news that will be coming at the same time.”

I’m just guessing, but perhaps that is when Fitton hopes to close on the rest of this round, although it sounds like there might be some other news as well.

Several angel investors have already stated publicly that they have invested in oneforty, among them Hubspot co-founder Dharmesh Shah, John Landry of Lead Dog Ventures, and Laura Rippy, former CEO of Handango. They have plenty of company: the filing indicates that 22 investors have put money into the startup to date. According to today’s filing, former investment banker John Prendergast, whose LinkedIn profile lists him as founder and CEO of Value Media, and Jeff Bussgang, a general partner at Flybridge Capital Partners, have joined oneforty’s board.


Author: Robert Buderi

Bob is Xconomy's founder and chairman. He is one of the country's foremost journalists covering business and technology. As a noted author and magazine editor, he is a sought-after commentator on innovation and global competitiveness. Before taking his most recent position as a research fellow in MIT's Center for International Studies, Bob served as Editor in Chief of MIT's Technology Review, then a 10-times-a-year publication with a circulation of 315,000. Bob led the magazine to numerous editorial and design awards and oversaw its expansion into three foreign editions, electronic newsletters, and highly successful conferences. As BusinessWeek's technology editor, he shared in the 1992 National Magazine Award for The Quality Imperative. Bob is the author of four books about technology and innovation. Naval Innovation for the 21st Century (2013) is a post-Cold War account of the Office of Naval Research. Guanxi (2006) focuses on Microsoft's Beijing research lab as a metaphor for global competitiveness. Engines of Tomorrow (2000) describes the evolution of corporate research. The Invention That Changed the World (1996) covered a secret lab at MIT during WWII. Bob served on the Council on Competitiveness-sponsored National Innovation Initiative and is an advisor to the Draper Prize Nominating Committee. He has been a regular guest of CNBC's Strategy Session and has spoken about innovation at many venues, including the Business Council, Amazon, eBay, Google, IBM, and Microsoft.