• Stealth Startup 5to1 Raises $4.5 Million With All Star Founding Team

    Wednesday, June 17th, 2009

    J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

    5to1, a stealth startup founded by former Fox Interactive execs Jim Heckman (pictured left) and Ross Levinsohn, has raised $4.5 million according to a recent SEC filing. Heckman is the CEO of the new company. Levinsohn, a partner at Fuse Capital, is on the board of directors.

    The company isn’t saying what they’re up to yet. But Heckman has a history of successful startups – he founded Rivals.com (acquired by Yahoo in 2007 for $100 million), and Scout.com (acquired by News Corp./Fox Interactive in 2005 for around $50 million).

    Other founders/execs/investors include Dale Strang, Mark Stieglitz, Michael Barrett and Woody Benson.

    A summary of funding from the recent filing shows the company closed $2.2 million in April 2009 and $2.3 million in June 2009, bringing the total to $4.5 million. Fuse, Prism, and several angles are listed as investors.

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