Lightbank Opens Office in New York

                      Lightbank Opens Office in New York

Three years since its inception, the Chicago-based venture capital firm joins
the vibrant New York tech startup community.

PR Newswire

CHICAGO, Jan. 30, 2013

CHICAGO, Jan. 30, 2013 /PRNewswire/ --Lightbank, a venture capital firm
founded by entrepreneurs Brad Keywell and Eric Lefkofsky, today announced the
opening of its second location in the Flatiron District of New York.
Lightbank's New York presence will enable the firm to better serve and grow
its portfolio in New York and the East Coast, where it will join a community
full of promising tech startups.

"New York is an active and diverse tech hub that has produced many remarkable
companies, and we look forward to collaborating with great entrepreneurs as
they grow their businesses," said Brad Keywell, co-founder of Lightbank. "The
New York tech community has deep roots in spaces like ecommerce and media that
align with our expertise. By being on the ground, we strengthen our ability to
help emerging tech startups develop and scale their businesses."

Lightbank plans to grow the number of investments into companies based in New
York and the East Coast region in the coming years, reflective of the
increasing amount of venture capital flowing into the region's startups. The
firm will continue to focus on early-stage tech companies, with areas of
particular interest including ecommerce, media and health.

Since 2010, Lightbank has invested in more than 50 early-stage tech startups
across the country, with nearly 20 percent of its portfolio located on the
East Coast, including Frank & Oak, Contently, Centzy, Bevel, Ovuline and
OnSwipe. Additionally, Lightbank's Keywell and Lefkofsky have co-founded New
York-based MediaOcean and InnerWorkings, both of which have a strong presence
in New York.

Lightbank principal Vicki Levine will head up activities at the firm's New
York office, with active participation from the firm's partners.

"The New York technology community surrounds its entrepreneurs with resources
beyond just capital," said Keywell. "There is the government's support,
collaboration from large organizations, many world-class conferences and
events, hackathons, as well as an increasing number of co-working spaces and
accelerators, which all work together to create an ecosystem that we are
excited to join."

About Lightbank:

Lightbank is a Chicago-based fund focused on early-stage technology companies.
Founded by Eric Lefkofsky and Brad Keywell, who are founders of Groupon,
MediaBank, InnerWorkings (NASDAQ:INWK) and Echo Global Logistics
(NASDAQ:ECHO), Lightbank not only makes investments of capital, but also takes
an active hands-on role in helping entrepreneurs ensure their early- and
mid-stage businesses grow and succeed. To learn more, please visit
www.lightbank.com.

Contact:
Jackie Lampugnano
1-312-626-2574
jaclyn@lightbank.com

SOURCE Lightbank

Website: http://lightbank.com
 
Press spacebar to pause and continue. Press esc to stop.