Tech Company Financing Transactions

Vela Systems Funding Round

Vela Systems closed a $6 million Series A investment round on 7/23/2007. Investors included Commonwealth Capital Ventures, GrandBanks Capital and Commission Junction.

Transaction Overview

Company Name
Announced On
7/23/2007
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Series A
Investors

Commonwealth Capital Ventures (Lead Investor) (Elliot Katzman)

GrandBanks Capital (Lead Investor) (Ryan Moore)

Commission Junction

Launchpad Venture Group

Proceeds Purpose
Vela Systems will use the funds to roll out national sales coverage, launch the company's channel partner program and expand internationally.

Company Information

Company Status
Acquired or Merged
Industry
Software
Mailing Address
164 Middlesex Turnpike
Burlington, MA 01803
USA
Email Address
Overview
Through a unique combination of technical capabilities and deep industry knowledge, Vela Systems empowers the AEC industry with mobile technologies, streamlining field administration processes in construction, capital projects and capital equipment.
Profile
Vela Systems LinkedIn Company Profile
Social Media
Vela Systems Company Twitter Account
Company News
Vela Systems News
Facebook
Vela Systems on Facebook
YouTube
Vela Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Tim Curran
  Tim Curran LinkedIn Profile  Tim Curran Twitter Account  Tim Curran News  Tim Curran on Facebook
Chief Financial Officer
Tom Huntington
  Tom Huntington LinkedIn Profile  Tom Huntington Twitter Account  Tom Huntington News  Tom Huntington on Facebook
Co-Founder
Adam Omansky
  Adam Omansky LinkedIn Profile  Adam Omansky Twitter Account  Adam Omansky News  Adam Omansky on Facebook
VP - Bus. Development
Josh Kanner
  Josh Kanner LinkedIn Profile  Josh Kanner Twitter Account  Josh Kanner News  Josh Kanner on Facebook
VP - Sales
Gary Greenberger
  Gary Greenberger LinkedIn Profile  Gary Greenberger Twitter Account  Gary Greenberger News  Gary Greenberger on Facebook


 

 

Browse more venture capital transactions:

Prev: 7/23/2007: Solaria venture capital transaction
Next: 7/23/2007: Grockit venture capital transaction

 

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