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Hyperpublic founders form new startup

July 15, 2013: 4:05 PM ET

CaptureGetting the Hyperpublic band back together, with $3 million in VC funding.

FORTUNE -- Jordan Cooper and Doug Petkanics have launched a new mobile Internet startup, one year after their last effort, Hyperpublic, was acquired by Groupon (GRPN). They also have raised their first round of venture capital.

Hyperpublic was a New York-based company that built databases of local information, and then made them available to developers free-of-charge. Included in those databases were daily deals, restaurants and all sorts of other information that would be of interest to a company like Groupon (which never disclosed financial details of the purchase).

Cooper and Petkanics each spent some time as Groupon employees, but now have formed this new startup alongside Eric Tang, who was Hyperpublic's lead engineer. Cooper will serve as CEO, Petkanics is VP of engineering and Tang is chief technical officer. Its working name is Coopkanics.

So far the company has raised $3 million in Series A funding, led by General Catalyst Partners (where Cooper once worked). Other backers include Lerer Ventures, out of whose offices the team has been working since January (Cooper is a partner with the firm, which also backed Hyperpublic).

As for what Coopkanics will actually do, Cooper isn't yet sharing much. "For now, let's just say that if we're successful, the mobile internet will never be the same," he explains. "Which is good, because it really sucks today and it can't stay this way."

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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