NewCo, John Battelle’s Event Startup, Raises $1.7M From Obvious, True Ventures And More

TechCrunch

NewCo, the latest venture from Federated Media co-founder John Battelle and Brian Monahan that focuses on creating city-based “festivals” as a new approach to more standard startup and tech confabs, has raised its first round of funding, a seed round of $1.7 million. The money will take it from being a “passion project” — Battelle’s description of NewCo when it first launched in 2012 as OpenCo — into a more concerted effort with more staff and an ambitious calendar of events and future media projects with the aim of fostering companies with new ideas that encourage change.

Cities on the agenda for the first half of this year include New York and Austin in May and Silicon Valley, Amsterdam, and Istanbul in June.

Investors in the seed round include Evan Williams’ Obvious Ventures, True Ventures, Bloomberg Beta, Transmedia Capital, Freestyle Capital, and Foundry Fund, as well as angels Chris Albinson, Andrew Anker, Bart…

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