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21 November 2012

Genacast helps launch $1.8m at Mortar Data

Comcast-backed Genacast Ventures has led a $1.8m seed round for US-based Mortar Data.

Author: Joanne Faulkner, reporter

Genacast Ventures, a partnership between the corporate venturing affiliate of telecoms company Comcast's Interactive Capital division, and serial entrepreneur Gil Beyda, has led a $1.8m seed round for Mortar Data, a cloud-based service which makes the software Hadoop easier to use. There was also participation from early to late-stage information technology focused Atlas Ventures, Great Oaks Ventures, an early and seed-stage investment firm funded launched by Andrew Boszhardt Jr as well as individual investors.