Entries by OCAVentures

Lucas Roh’s next act is all about big data

Lucas Roh is taking a big step with his newest startup, coming out of stealth mode. Roh’s new company, Bigstep, launched four years ago in London, is looking to make it easier for companies to tackle big data projects using the cloud. He’s betting that he can help companies make the leap by offering them […]

Online Lender Ascend Taps VCs, Debt in Tough Market

When Steve Carlson, chief executive of emerging online lender Ascend Consumer Finance Inc., considered fundraising this year, he realized the market wasn’t nearly as receptive as a year ago, when his startup received a $1 million equity seed round. The sector has been beset by problems this year, including lower demand from debt investors for…

There’s a Brilliant New Way to Pay Less for Your Flights

May 25, 2016 There are probably worse travel planners than me, but I doubt it. I’m a procrastinator, and always fretting that I didn’t find the best deal. So a new feature of airline travel appeals: the option. Recently, I paid $29 to a company called Options Away to hold a $156 one-way fare from Las Vegas […]

Norwich University’s College of Graduate and Continuing Studies Partners with Ed Map to Drive Course Materials Affordability and Access

NELSONVILLE, Ohio, June 7, 2016 /PRNewswire/ — Norwich University’s College of Graduate and Continuing Studies (CGCS), in Northfield, VT, has partnered with Ed Map, Inc. to provide its online students with course materials services. This decision is another validation of Ed Map’s ongoing development of its product roadmap and its customer service focus, as well […]

Telemedicine startup, Regroup Therapy, lands $1.3M

Regroup Therapy, a telemedicine startup for mental health treatment, has raised another $1.3 million from backers that include former Walgreens CEO Greg Wasson. The funding was led by Hyde Park Angels and included OCA Ventures; Impact Engine; Lon Chow; Grubhub co-founder Mike Evans; Wasson Enterprise, the family investment office of Greg Wasson; his wife, Kim; […]

Levyx Raises $5.4M to Supercharge Big Data Processing Platforms Like Apache Spark

PALO ALTO & IRVINE, Calif.–(BUSINESS WIRE)–Levyx Inc., whose high-performance processing technology dramatically reduces infrastructure costs associated with big-data applications, today announced the closing of a $5.4 million Series A round led by Chicago-based OCA Ventures. Additional investors include Palo Alto, Calif.-based Amino Capital (a.k.a. zPark Capital) and Sumavision USA Corporation, as well as individual executives […]

Alert Logic Surpasses $100 Million in Annualized Revenue

Houston, TX – April 20, 2016 — Alert Logic (www.alertlogic.com), the leading provider of Security-as-a-Service solutions for the cloud, today announced its Q1 2016 results. The company recorded $23.7 million in GAAP revenues for the quarter ending March 31, 2016, representing 31 percent year-over-year growth over Q1 2015, and achieved total contracted recurring revenue exceeding […]

Alert Logic Reports Q4 2015 Results

Houston, TX – January 27, 2016 — Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, today announced that 2015 marked another year of record results. The company recorded $81 million in GAAP revenues for the fiscal year ending December 31, 2015, representing 40 percent growth over 2014. Alert Logic’s total recurring revenue […]

Gladwin’s $1.3 billion Cleversafe win could change the face of Chicago tech

Chris Gladwin has been swimming with sea turtles in the Bahamas. That’s what you do to unwind after you sell your tech company for $1.3 billion. Gladwin, 52, was volunteering on a research project that involved actually chasing the critters down in the water—no particular sweat for an endurance athlete whose hobbies include orienteering races […]