Monday, December 7, 2009

DFJ Frontier, Anthem Venture Into Portland Firm

Two Los Angeles-based venture firms, DFJ Frontier and Anthem Venture Partners, have invested in a Portland software firm developing online identification and single-sign in software. According to Portland's JanRain, it raised $3.25M in a Series A round led by DFJ Frontier's David Cremin. Anthem Ventures and RPM Ventures also participated, with Cremin, Anthem's Samit Varma, and RPM's Tony Grover all joining the company's board along with the funding. JanRain's software allows for single sign onto web sites, including using OpenID and other standards. More information »

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