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Friday, December 18, 2009

Twitter store startup OneForty raises $1.6M

By Galen Moore

Oneforty Inc., the Twitter-related startup founded by Boston social media consultant Laura Fitton, has raised $1.6 million in new equity financing, according to a regulatory filing posted this afternoon.

Flybridge Capital Partners’ Jeff Bussgang and former Jefferies Co. investment banker John Prendergast are joining Oneforty’s board of directors, according to the document. Fitton declined to confirm whether Flybridge had, in fact, invested in her company.

Fitton, who goes by the handle @pistachio on the social micro-blogging service Twitter, founded Oneforty to develop an online store for Twitter-related applications, akin to Apple Inc.’s iPhone App Store. Oneforty in June secured about $250,000 in seed funds from a list of seven angel investors, including Côme Laguë, Maurice Werdegar, Don Hutchison, John Landry, Bob Zipp, Jeff Bennett and Chris Bucchere. This summer, Oneforty was a participant in the TechStars incubator program in Cambridge.

According to the SEC filing, the startup’s latest financing is a tranche of a $2.3 million round. Fitton declined to comment on the Brighton-based startup’s prospects for growth, beyond to say she plans to hire with the funds.
 

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