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Meakem-lead venture raises $9M in capital

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Thursday, Jan. 3, 2013, 2:48 p.m.

Local venture capitalist Glen Meakem has raised $9 million for a new company called Inc., according to a filing with the Securities and Exchange Commission.

Meakem is co-founder and managing director of Meakem Becker Venture Capital in Sewickley. He and David Koegler, Meakem Becker's chief financial officer, are listed in's filing as officers of the new company, which lists its address in One PPG Place, Downtown.

The filing does not describe the business and Meakem could not be reached for comment.

Meakem co-founded FreeMarkets Inc., an online auction site for business services that was acquired by Ariba Inc. in 2004 for $493 million.

There is no working website at

Meakem in September trademarked the name ForeverTrust, according to the U.S. Patent and Trademarks Office. ForeverTrust is described as offering computer software and website for preserving, creating, organizing and retrieving personal documents, data, text, photos, music and video.

Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or

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