JUMPSPORT RAISES FUNDS
Silicon Valley Band of Angels Backs Trampoline Safety Startup
SARATOGA, Calif.—September 19, 2000—JumpSport, the trampoline safety company, has received funding from Silicon Valley’s Band of Angels, one of the top venture capital firms for entrepreneurs and startups. JumpSport was founded in 1997 when entrepreneur Mark Publicover, invented and patented the world’s first trampoline safety enclosure, JumpCourt, and brought it to market.
“We are pleased to receive this vote of confidence from the Band of Angels,” said Mark Publicover, JumpSport CEO. “The funding will allow us to grow our business and bring more of our sport and play product safety ideas to market.”
“JumpSport is a leading edge company with clear market advantages and management capable of exploiting the opportunities,” said Herb Taus, member of Band of Angels and new JumpSport board member. “We’re not just investing funds in JumpSport, we’ll contribute time, act as mentors, and bring a wealth of experience and contacts to the table.”
The Band of Angels is dedicated exclusively to funding and advising seed stage startups. The band is a formal group of more than 100 former and current high tech executives who are interested in investing their time and money into new, cutting edge startup companies. Band members have founded companies such as Symantec, Logitech and National Semiconductor, and have been senior executives at Sun Microsystems, Hewlett Packard, and Intuit. The Band reviews about 10,000 business plans each year and has a rigorous screening and selection process. About 25 companies are funded each year.
Press contact: Kimberly Tassin, 206.654.1001, Kimberly@tassinmarketing.com