NEW YORK, N.Y., July 17, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Greycroft Partners LLC, a leading venture capital firm that specializes in Internet and mobile companies headquartered in New York and Los Angeles, is pleased to announce the promotion of Kamran Ansari to Principal effective immediately. "Over the past two years Kamran has established our financial technology practice area and has become a trusted partner for our CEOs," said Ian Sigalow, Partner at Greycroft. "It's because of that hard work, dedication to Greycroft, and the deals that he has led that we decided to recognize those efforts with a promotion." At Greycroft, Kamran has played an integral role in several deals, including three investments that have exited in the past year: Braintree which was acquired by PayPal for $800MM; Venmo which was acquired by Braintree for $26MM; and BalconyTV , which was acquired by The Orchard. He is currently responsible for eight companies within the Greycroft portfolio including Boxed Wholesale, Azimo Payments, Floored 3D, Fortumo, Highlight, Epoxy.TV, and Trustev. "Kamran has been a great asset to Azimo since Greycroft came onboard as an investor," Said Michael Kent, Founder and CEO of Azimo. "He's constantly making business introductions that have been invaluable to us." Kamran joined Greycroft Partners in 2012, after serving as Head of Corporate and Business Development for MyYearbook/MeetMe, the largest social networking platform for teens, which was sold for $100MM in 2011. Prior to that, he was an investor at Oak Hill Capital and at Lehman Brothers Venture Partners, where he was also on the founding team of its successor fund, Tenaya Capital. "I'm excited to continue to work with our great portfolio companies and to build out the Greycroft platform even further as we push into the areas of mobile-enabled technologies, data-driven software, and financial technology," said Kamran. Kamran holds a BA in Ethics, Politics, & Economics from Yale, Cum Laude with Distinction, a MBA from Stanford Business School, and a JD from Stanford Law School.
Kamran has been a guest on Bloomberg TV and Fox Business News as well as spoken at several conferences including AppNation, New York FinTech, and Northside, among others. About Greycroft Partners: Greycroft Partners is a leading venture capital firm focused on investments in the Internet and mobile markets. With offices in the two media capitals of the world - New York and Los Angeles – Greycroft is uniquely positioned to serve entrepreneurs who have chosen us as their partners.
Greycroft leverages an extensive network of media and technology industry connections to help entrepreneurs gain visibility, build strategic relationships, successfully bring their products to market, and build successful businesses. Greycroft manages $600 million and has made over 100 investments since inception, including leading companies such as AppAnnie, Baublebar, Braintree, Buddy Media, Collective, Extreme Reach, Huffington Post, JW Player, Klout, Maker Studios, Plain Vanilla, Pulse, TheRealReal, Trunk Club and WideOrbit. For more information please visit the Greycroft Partners website at http://www.greycroft.com.
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