Tech Company Financing Transactions
VeriTran Funding Round
On 6/27/2013, VeriTran raised $2.5 million in funding from Cottonwood Technology Group and TXO Resources.
Transaction Overview
Company Name
Announced On
6/27/2013
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Undisclosed
Proceeds Purpose
The company intends to use the capital to to further develop its Infinitely Variable Transmission (IVT), which has undergone endurance testing at NM Tech. Initially, it will focus on the oil and gas sector offering solutions to problems like rod failures while providing the capability of 24/7 pumping, thus eliminating downtime.
Company Information
Company Status
Out of Business
Industry
Electronics
Mailing Address
Av Pres Roque Sáenz Pena 637
Buenos Aires, CP 1035
Argentina
Buenos Aires, CP 1035
Argentina
Phone
Undisclosed
Website
Email Address
Overview
Because of our sound knowledge of the industry; but most importantly, because security, scalability, high availability, performance, and time to market are uppermost in our considerations when undertaking any Mobile Banking project.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
John Bode
Browse more venture capital transactions:
Prev: 6/27/2013: Nav venture capital transaction
Next: 6/27/2013: AltheaDx venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to report on every notable VC transaction. All VC database entries reported here are derived from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs