Oaktree Capital Management, LLC Leads $4.6 Million in Series B Funding Round for Fetch Technologies

Based in El Segundo, California, Fetch Technologies is one of the major market leaders in web data availability to enterprises. The company announced on February 22, 2011, that it has secured $6.4 million in a series B funding round, which was led by Oaktree Capital Management Fund, LLC. Other investors who participated in this funding round include Jeffries and Company, INC. As part of the agreement of this funding round, Mr. Sheldon Stone, founder and principal of Oaktree Management Fund, and Mr. Frank Baxter of Jeffries and Company will join the company’s board of directors.

Fetch Technologies has developed a market leading product that allows enterprises to transfer and retrieve web data and real-time feeds for businesses to stay up to date with their workers. Some of the products that Fetch offers to its clients include Fetch Live Access, which is a data service that allows businesses to connect with its management, employees easily and efficiently. Fetch Live Access also allows people to share information in real time in a seamless and uninterrupted fashion. This system also connects clients with websites and companies pay for it by paying a subscription fee.

Other products include FetchCheck, which is a program that makes background checks of prospective employees easy and quick, reducing the waiting time during the interview and hiring process. Along with FetchCheck, Fetch Technologies also have a live access platform that allows for all enterprise data to flow back and forth between management and employees.

Proceeds from this funding round will go to help the company accelerate its sales and marketing of its proprietary technologies.

According to Robert Landes, Fetch’s CEO, because of the proliferation of web data transfer technologies, the industry has become very competitive with many new companies are struggling to meet the needs of their clients. Fetch has had a different approach with its cutting-edge technologies, which not only provides a reliable and safe database for its clients, but also allows for companies to have more efficient way to conduct their daily operations in today’s technological age.

Originally, the technology that Fetch possesses was developed in the research labs of the University of Southern California’s Information Sciences Institute. For this reason, Fetch received the vast majority of its funding from government grants. Now, the company is led by a highly experienced management team who has processed over 4 billion data for its clients. Some of Fetch’s clients include some large names, such as Reuters, Dow Jones, and others.

Oaktree Capital Management, LLC was founded by six men in the financial industry. Mark Sheldon is one of the founders as well as the principal of the firm. Oaktree primarily invests in all industries and stages. Oaktree does not disclose its portfolio companies.

Jeffries and Company is a large global securities and investment bank with offices in over 25 cities worldwide. The company primarily invests in both debt and equity capital. The firm is located in New York, NY; Albany, NY; Chicago, IL, London; Frankfurt; and others. Jeffries invests in a wide variety of industries which include the aerospace and defense, business services, consumer and retail, clean tech, energy, and many others. Jeffries does not disclose its portfolio companies.