Funding and Investment
Free News Articles Category: Funding and Investment Industry News Articles
WorldAPP Secures Financing Round to Fuel Growth
BRAINTREE, Mass. — WorldAPP, a leading provider of mobile data collection and process optimization software today announced that it has completed financing round with Providence-based Bay Capital Investment Partners. The transaction amount was not disclosed….
Mortgage Automation Pioneer cloudvirga Raises $15 Million in Series B Funding
IRVINE, Calif. — Cloudvirga(SM), developer of the automated, cloud-based intelligent Mortgage Platform(R) (iMP), announced today it has raised $15 million in a series B funding round led by Incenter, a Blackstone Group portfolio company. The new funding will support cloudvirga as it scales its technology and expands its product offerings….
Level Funded Health Selected For Plug and Play Insurtech Program
BOCA RATON, Fla. — LevelFunded Health is excited to announce that it was recently selected as one of the new top innovative insurance businesses by one of Silicon Valley’s most active venture group, Plug and Play. The 12-week program connects promising start-ups, early and growth stage companies, to some of the world’s largest insurance corporations….
FENDER FRIEND LLC Offers Autonomous App to Licensors and Automotive OEMs
NEW YORK, N.Y. — New York-based FENDER FRIEND LLC is pleased to offer the autonomous app Fender Friend(TM) for licensing, effective Feb. 1, 2017. The Fender Friend seeks to provide older model vehicles with capabilities such as automatic braking and parking assistance, as just two examples of amenities currently standard in newer automobiles….
Bank of Southern California Completes $7 Million Capital Offering and Announces New Board of Directors
SAN DIEGO, Calif. — Bank of Southern California, N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced that it has completed a capital raise of $7 million through a stock purchase agreement of the Bank’s common stock with Castle Creek Capital, based in Rancho Santa Fe, California….
Maxwell Financial Labs Announces $1.95M in Funding to Reinvent Mortgage Experience
DENVER, Colo. — Maxwell Financial Labs, Inc. announced today it had secured $1.95M in funding, with anchor investors MATH Venture Partners, Techstars Ventures, Zelkova Ventures and Sovereign’s Capital. The funding follows on the heels of Maxwell’s commercial launch on August 16, 2016….
RMA’s Kim Briesemeister Featured in IDA’s Top Issues Council Report
POMPANO BEACH, Fla. — The International Downtown Association recently released their first six Top Issues Council reports, which feature industry leaders who produced in-depth research briefs on top urban issues. Kim Briesemeister, principal of Redevelopment Management Associates, served on the Public-Private Partnerships Council….
Utelogy Corporation Successfully Completes Series A Private Equity Offering
LOS ANGELES, Calif. — Utelogy Corporation, creator of enterprise audio/visual control, management, services and analytics software for use in higher education and enterprises announced that it has successfully closed a fully-subscribed, private equity offering with a small group of private Accredited Investors at an undisclosed value. Funds from this offering will support the company’s current growth trajectory including software developers and additional support staff….
Bank of Southern California N.A. Announces $7 Million Capital Offering
SAN DIEGO, Calif. — Bank of Southern California N.A. (OTC Pink: BCAL / OTCMKTS:BCAL) announced today that it has signed a stock purchase agreement for a private placement of $7 million of the Bank’s common stock with Castle Creek Capital, based in Rancho Santa Fe, California. The transaction is anticipated to close in the fourth quarter, subject to regulatory approvals and other standard closing conditions….
UltraCap Creates Revolutionary Lightweight Car Battery
LONDON, U.K. — Scientists from London-based UltraCap Investment Ltd. are in the final stages of developing a “green” solid state battery for electric vehicles that they claim will be 40 times lighter than current Lithium-Ion batteries. UltraCap founders, Professor Vladimir Krstic and Nico Van Dongen, say their new battery, the UltraCapacitor, will be able to charge within minutes and that, eventually, a pocket-sized version of the battery will bring us one step closer to emission-free transportation….