Serial entrepreneur Hiten Shah has raised $7 million for Space Pencil, a stealthy web analytics startup that has remained stealthy since 2008.
Shah is a well-known figure in the tech community, known for mentoring startups and passing along his entrepreneurial expertise. He is a cofounder Kissmetrics, a web analytics company that helps small e-commerce companies make data driven decisions, and Crazyegg, a company that uses eye tracking technology to create heat maps for websites. Crazyegg is self-funded and works with 50,000 businesses around the world, including eBay, Dell, Zappos, Amazon, and Costco. Kissmetrics is backed by True Ventures, SoftTech VC, and Polaris Ventures.
An SEC form filed today for Space Pencil lists True Ventures’ Tony Conrad and Azure Capital’s Cameron Lester as investors. The company’s AngelList profile cites SoftTech VC and fellow tech influencers/mentors Shervin Pishevar, Dave McClure as previous investors. Before this round, Space Pencil raised just shy of $4 million, closing a $286 million Series A in 2009.
Space Pencil’s website is not functional at the moment and Shah has not yet responded to a request for comment.
Filed under: Big Data, Business, Deals, Entrepreneur
Rebecca Grant 19 Jul, 2013
enclosure: http://venturebeat.files.wordpress.com/2013/07/space-pencil.jpg?w=160
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Source: http://venturebeat.com/2013/07/18/hiten-shahs-stealthy-web-analytics-startup-space-pencil-raises-7m/
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