World Vital Records of Provo, Utah has been mentioned often in this newsletter. The company partners with other firms to place millions of genealogical records online. According to an article in the Private Equity Hub, World Vital Records recently raised around $1.2 million in Series A from vSpring Capital, Provo Labs and TTP Capital Advisors (of Japan).
The startup is led by Paul Allen who co-founded what is now called The Generations Network (previously known as MyFamily.com) where he launched Ancestry.com in 1996 and the MyFamily.com web site in 1998. That company raised a huge $90.5M in venture capital but has yet to launch an IPO. Allen joined an incubator called Provo Labs that developed several startup companies and invested in others which launched World Vital Records.
World Vital Records launched a subscription business in October 2006 and claims to already have 5,000+ paying subscribers.