Thursday, January 27, 2011

Anthem Ventures Gets Second Exit In A Week

Santa Monica-based Anthem Venture Partners has scored two exits in the last week, as Los Angeles-based Demand Media hit a homerun with its IPO Wednesday, and San Diego-based Plixi was acquired by Lockerz Thursday. Brian Mesic, a partner at Anthem, said Thursday afternoon that Plixi is the latest in a "string of good exits" over the past 12 months, which also included Siperian (acquired by Informatica), Wavestream (acquired by Gilat), and Demand Media (IPO). Anthem is one of the more active local investors, and has recently backed BeachMint, CocoDot, and TrueCar, among other firms.

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