Tech Company Financing Transactions
Bloomfilter Funding Round
Bloomfilter, based in Akron, secured $7 million from Magarac Venture Partners, Hyde Park Angels and North Coast Ventures.
Transaction Overview
Company Name
Announced On
5/4/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$7,000,000
Round
Seed
Investors
Proceeds Purpose
Bloomfilter also announced the general availability of its industry-first process intelligence platform to help software teams improve the transparency, predictability, and efficiency of developing new software products.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
453 South High Street Suite 302
Akron, 44311-4416
OH
Akron, 44311-4416
OH
Phone
Undisclosed
Website
Email Address
Overview
According to McKinsey, 78% of software projects are late, over budget, or don't ship. At Bloomfilter, we're on a mission to reverse this statistic by getting product teams and business stakeholders on the same page. Bloomfilter is process mining for the software development lifecycle, because in 2023, product teams shouldn't still need to guess when new features will ship and how much they'll cost to build.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Wolfe
Chief Operating Officer
Blake Squires
Co-Founder
Erik Severinghaus
Co-Founder
Christopher Stoll
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Where The Data Comes From
We record tech company VC transactions. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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