New York – Earlier this week, Maven Research announced that they had successfully raised $1 million during an investment seed round. The investment will be used to help expand Maven Research’s ‘Real –Time Research’ Network.
Maven Research is slightly different from other expert networks in that it allows clients to perform their own private searches of its network and engage directly with relevant experts offers direct, transparent, and transactional access to their entire network without up-front fees, subscriptions, or middlemen. The firm’s marketplace approach allows clients to make decisions about the costs of engaging with specific experts. The consultation and survey systems allow clients to only pay for what they actually consume. Maven’s compliance system is focused on providing clients with tools to set their own criteria for expert recruitment.
The investment came from a number of different sources, namely: “Edward Zander (former COO of Sun Microsystems, and former Chairman and CEO of Motorola), Patrick McKenna (founder and CEO of Keniks, a leader in integrating television and online marketing), William Krepick (former CEO of Macrovision), Jeremie Bacon (founder and CEO of Backstop Solutions, a provider of innovative Client Relationship Management software solutions to the global asset management industry), and Accel Partners (a leading Palo Alto, CA-based venture capital firm)”.
The theme of the expanding interest in expert networks continues from our story yesterday on GLG and Bloomberg’s partnership. Through our 4th Quarter 2009 study on the global expert network industry, we know that there are more than 40 current expert networks available to investment professionals, and Maven’s recent ability to garner investment shows that the industry is still somewhat robust.