Tech Company Financing Transactions

Illume Software Funding Round

On 3/16/2011, Illume Software raised $2.4 million in funding from MassVentures and private investors.

Transaction Overview

Company Name
Announced On
3/16/2011
Transaction Type
Venture Equity
Amount
$2,377,696
Round
Undisclosed
Investors

MassVentures (Walter Bird)

Proceeds Purpose
The new financing comes in response to strong market demand for its iZUP software. It will allow Illume Software to ramp up sales and development of iZUP to the corporate and consumer markets, as well as support general corporate activities.

Company Information

Company Status
Acquired or Merged
Industry
Software
Mailing Address
75 Second Avenue 140
Needham, MA 02494
USA
Email Address
Overview
Illume Software develops solutions that leverage location to power high-value applications and services. Our first product, iZUP, offers a responsible solution to cell phone-related distracted driving. iZUP harnesses the power of GPS, the pervasiveness of cellular networks, and the new emphasis on intelligent solutions to real-world problems.
Profile
Illume Software LinkedIn Company Profile
Social Media
Illume Software Company Twitter Account
Company News
Illume Software News
Facebook
Illume Software on Facebook
YouTube
Illume Software on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Daniel Ross
  Daniel Ross LinkedIn Profile  Daniel Ross Twitter Account  Daniel Ross News  Daniel Ross on Facebook
Chief Technical Officer
Moti Hodis
  Moti Hodis LinkedIn Profile  Moti Hodis Twitter Account  Moti Hodis News  Moti Hodis on Facebook
Co-Founder
Darcy Ahl
  Darcy Ahl LinkedIn Profile  Darcy Ahl Twitter Account  Darcy Ahl News  Darcy Ahl on Facebook
VP - Bus. Development
Mark Thirman
  Mark Thirman LinkedIn Profile  Mark Thirman Twitter Account  Mark Thirman News  Mark Thirman on Facebook
VP - Sales
Dan Maier
  Dan Maier LinkedIn Profile  Dan Maier Twitter Account  Dan Maier News  Dan Maier on Facebook


 

 

Browse more venture capital transactions:

Prev: 3/16/2011: NovaTract Surgical venture capital transaction
Next: 3/16/2011: Harvest Power venture capital transaction

 

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