Pinch nets investors

Pinch Media on Thursday received an undisclosed amount of funds from a conglomerate of investors to help the New York-based startup develop free tools for iPhone developers. Silicon Alley Insider writes that the investment came from Union Square Ventures, First Round Capital, and Sharkey Goldstein Capital, with private financial strategists Dave Morgan, Jerry Neumann, and Mike Yavonditte. Specifics on the deal were not made available, but Union Square representative Fred Wilson claimed it is a "typical early stage deal."

Greg Yardley and Jesse Rohland, founders of Pinch Media, unveiled the company's first software package since being formed in April. The app – Pinch Analytics – allows developers to gain insight into statistics involved with the use of their applications, such as if the app is being used, how long it has been used for, how many unique active users there are, among others.

by MacNN Staff