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Venture Capital News: Consensus Point Picks Up Series B

NASHVILLE, TN, Golden Seeds announced today that it has closed on its participation in a Series B financing for Consensus Point, the provider of Huunu prediction market software.
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Golden Seeds announced today that it has closed on its participation in a Series B financing for Consensus Point, the provider of Huunu prediction market software. A Nashville-based company serving market research, media and consulting firms, Consensus Point is a leading provider of "crowd-sourced" prediction market technology that enables companies to speed innovation and improve their decision making process.

The Series B round was led by Relevance Capitals' NEST-TN, LLC, a TN Investco fund. Other investors include DLA Piper Venture Funds and the Tennessee Technology Development Corporation (TTDC) INCITE Co-Investment Fund.

"This funding enables Consensus Point to build on our successes with enterprise clients, such as GE and Motorola, in increasing the efficiency and effectiveness of resources deployed in innovation,"said CEO Linda Rebrovick. "Huunu, our new consumer application, provides market research and media with an improved means of engaging consumers, enabling market researchers to ask questions and get richer, more insightful answers and media to better connect with their audiences."

"Consensus Point brings a new and important technology to market research and media," said Sandra Kresch, Managing Director of Golden Seeds in New York, who led the financing for Golden Seeds and will join the Consensus Point Board of Directors. "We are proud to add them to our portfolio of women-led companies."

About Consensus Point

Consensus Point is a leading social prediction market company providing solutions for market research and market intelligence. The Consensus Point prediction market platform, Huunu, enables partners to engage respondents to aggregate knowledge in a market environment to predict future events and market preferences. Consensus Point built its reputation working with enterprise clients such as GE, Best Buy and Motorola. Today, Consensus Point partners with consulting, media, and research industries to offer an unprecedented level of respondent engagement.

About Golden Seeds

Golden Seeds is an investment firm dedicated to delivering above market returns for investors through the empowerment of women entrepreneurs. Its angel network is the fourth largest in the US and was the third most active in terms of deals done in 2011. Its venture capital group currently has two funds with $30 million under management. Started in 2004 and headquartered in New York, the firm manages investor groups in Boston, San Francisco, Los Angeles and Dallas.

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