Wednesday, August 3, 2011

Anthem, DFJ Frontier Back Janrain

Two Los Angeles area venture capital firms have re-upped their investments in a provider of identity management software. Anthem Ventures, represented by Samit Varma, and DFJ Frontier, represented by David Cremin, are two of the investors in Portland-based JanRain, whose software is used to allow websites to use existing online accounts such as Facebook, Google, Twitter, and Yahoo to sign up for other web services or even corporate applications. JanRain said it has raised $15.5M in its new round of funding, which was led by Emergence Capital Partners. Other investors, aside form Anthem and DFJ Frontier, were RPM Ventures, Tim Draper, and Square 1 Bank. both Varma and Cremin sit on JanRain's board of directors. More information »

---