In The News

AGC Advises ON Networks on its $12mm Digital Media Series B Funding Round

Thursday, November 15, 2007 - America's Growth Capital is pleased to announce that its client, ON Networks, a new media company delivering original, on-demand shows originated exclusively in high-definition, secured $12 million in Series B financing. Accel Partners led the funding round with participation from ON Networks' Series A investors, Austin Ventures and AT&T. With a team led by Jon Guido, America's Growth Capital acted as sole placement agent for ON Networks.

"America's Growth Capital was a strong partner during this financing and helped management bring the ON Networks story to a broad market of both strategic and financial investors" said Kip McClanahan, ON Networks CEO. The capital will be used to fund the company's expansion, including the development of its virtual studio technology platform, new shows, and strategic business relationships with the world's top content distribution networks and platforms.

This is America's 64th transaction since the firm's inception in 2003. Other notable deals include:

Co-manager on SoundBite's $42mm IPO;
Sole placement agent of $17mm Series A private placement for ConsumerPowerline;
Sole advisor to SilverBack Technologies in its sale to Dell;
Sole advisor to EasyLink in its $67 million acquisition by ICC;
Sole advisor to Seagull Software in its $60 million cross-border sale to Rocket Software;
Sole advisor to CipherTrust in its $282 million sale to Secure Computing.