As reported by TechCrunch today, we’ve announced today our investment in Medialets – a company that sits right at the intersection of new advertising technologies and our glue theme.

Based in New York, Medialets is a mobile analytics and advertising company that helps mobile application developers track usage and other statistics about their applications and provides technology that enables them to monetize those applications via advertising.

We have a more comprehensive post on the Foundry Group site, that if you are interested will explain even more.  Welcome to Eric and team!