My first fundraising ever!

December 4th 2009 will remain an important day for me.
A great achievement: my first fundraising as a consultant!

I've been working during 2 months with a start-up specialized in mobile local services.
Finally we have raised 860k$ which is far away from our expectations (we expected only 500k$ for this first round).

But I'm kind of frustrated, I cannot give any details neither on the product nor on the startup itself!
Investor and CEO want to adopt the low profile attitude with their "baby".

So I respect their will (actually I'm obliged because of the NDA I've signed up :-) but I'd like to warmly thank them for this great collaboration.

Funds will help to:
- recruit 2 developers + 1 sales engineer
- buy new machines and furnitures
- pay the office rent

At the beginning it was really tricky, especially due to the fact we operated as a virtual team in three different countries: Israel, USA and France.

After only two months, the result is out of our craziest expectations and I'm looking forward hearing from this great start-up in the best blogs very soon.

I'm also working for an other start-up which has just started a second round of fundraising, this time the challenge is way bigger, we are talking about more than 10 million USD.

The final result should occur in 2Q10, so stay tuned!

Mickael Costa