Tech Company Financing Transactions
VeloBit Funding Round
Longworth Venture Partners and private investors joined a $1.7 million venture round for VeloBit. The financing round was recorded on 3/31/2012.
Transaction Overview
Company Name
Announced On
3/31/2012
Transaction Type
Venture Equity
Amount
$1,660,000
Round
Undisclosed
Investors
Longworth Venture Partners (Paul Margolis)
Proceeds Purpose
Proceeds purposes were not disclosed.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
55 Old Bedford Road 203
Lincoln, MA 01773
USA
Lincoln, MA 01773
USA
Phone
Website
Email Address
Overview
VeloBit provides plug & play SSD caching software that dramatically accelerates applications at a remarkably low cost. VeloBit uses Solid State Disk (SSD) to create a transparent application acceleration layer that boosts performance by 10x. The software installs seamlessly in 60 seconds and automatically tunes for fastest application speed.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Duncan McCallum
Chief Technical Officer
Qing Yang
VP - Engineering
Prakash Manden
VP - Marketing
Peter Velikin
VP - Sales
Mike LaPeters
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Next: 3/31/2012: Juventas Therapeutics venture capital transaction
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Where The Data Comes From
Our team works diligently to report on every notable VC transaction. VC investment data records reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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