NEW YORK--(BUSINESS WIRE)--Flybridge Capital Partners, an early-stage venture capital firm whose mission is to assist entrepreneurs in growing innovative, global companies, today announced the expansion of its New York City offices with the addition of several investment team members. Matt Witheiler, a principal with the firm previously based in Boston, has moved to New York joining General Partner David Aronoff who established the firm’s New York City office earlier this year. In addition, the firm is pleased to announce that Caitlin Strandberg, who previously worked in business development at New York City based start-ups LearnVest and Behance, has joined the firm’s New York office as an Associate.
“Over the past few years, our involvement with the New York start-up community has increased significantly, with nearly half our new investment deal flow now coming from this region and team members from Boston spending a significant amount of time in the city,” said Aronoff. “In response to this, we set up an office in New York earlier this spring and are thrilled to now have Matt and Caitlin to support our New York investment initiatives.”
Flybridge Capital Partners New York investments to date include 10gen, 33Across, tracx, and Jingle Networks, which was acquired by Marchex in April 2011. In addition, the firm has been active is many NYC-based entrepreneur accelerator and mentoring programs including Tech Stars, General Assembly and First Growth Venture Network, which it was a founding executive committee member of. Nate Westheimer, Executive Director of the New York Tech Meetup, also serves as an advisor to the firm.
“I’ve had the pleasure of working with the Flybridge team for a long time and am excited that the firm is establishing a NYC office to support the growing entrepreneur community here,” said Kevin Ryan, Founder and CEO of Gilt Groupe and 10gen board member. “The NYC start-up scene is exploding and it will be fantastic to have David, Matt and Caitlin here to support, mentor and invest in the next generation of rising stars.”
“As the city’s technology start-up market grows, having a steady stream of venture capital funding is a key to ensuring the success of these young companies,” said Mayor Michael R. Bloomberg. “We welcome Flybridge Capital Partners to the city and look forward to working alongside them as we build New York City into the country’s new Tech Hub.”
“Flybridge has been a huge supporter of the NYC Tech Stars program over the past few years with several members of the team serving as mentors to companies in the program,” said David Tisch, former managing director of Tech Stars New York. “I am excited the firm has made the move to have a full-time team in the city and look forward to working with them as they continue to grow here.”
Flybridge Capital Partner’s offices in New York are located at 578 Broadway, New York City, New York. The firm will be hosting weekly open office hours every Wednesday from 3:00 to 5:00 p.m. starting September 12th and invites entrepreneurs to stop by and say hello.
About Flybridge Capital Partners
Flybridge Capital Partners is an early-stage venture capital firm whose mission is to assist entrepreneurs in growing innovative, global companies. With $560 million under management, the firm is focused on seed and early-stage investing in technology markets and is led by a team with domain expertise and more than half a century of combined experience in venture capital. The firm has invested in over 60 companies including 10gen, Brontes Technologies (acquired by 3M), Cartera Commerce, DataXu, Digital Lumens, Open English and Reveal Imaging (acquired by SAIC). For more information, visit www.flybridge.com or follow us on Twitter @flybridgecap.