Tech Company Financing Transactions

Wimba Funding Round

Wimba closed a $8.4 million Series B funding round on 11/6/2007. Investors included Ascend Technology Ventures.

Transaction Overview

Company Name
Announced On
11/6/2007
Transaction Type
Venture Equity
Amount
$8,400,000
Round
Series B
Investors

Ascend Technology Ventures (Lead Investor) (Kylie Sachs)

Proceeds Purpose
The new funds will be used to accelerate the company's sales and marketing capabilities throughout the world and to expand development of Wimba Collaboration Suite, the industry's most comprehensive collaborative software suite for higher education, K-12, and educational publishing.

Company Information

Company Status
Private & Independent
Industry
EdTech
Mailing Address
10 East 40th St. 11th Floor
New York, NY 10016
USA
Email Address
Overview
Wimba is a company focused solely on education and dedicated to the principle that people learn more when they are drawn closer together.
Profile
Wimba LinkedIn Company Profile
Social Media
Wimba Company Twitter Account
Company News
Wimba News
Facebook
Wimba on Facebook
YouTube
Wimba on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Bill Ballhaus
  Bill Ballhaus LinkedIn Profile  Bill Ballhaus Twitter Account  Bill Ballhaus News  Bill Ballhaus on Facebook
Chief Financial Officer
Lisa Mayr
  Lisa Mayr LinkedIn Profile  Lisa Mayr Twitter Account  Lisa Mayr News  Lisa Mayr on Facebook
VP - Administration
Tim Atkin
  Tim Atkin LinkedIn Profile  Tim Atkin Twitter Account  Tim Atkin News  Tim Atkin on Facebook
VP - General Counsel
Stuart Kupinsky
  Stuart Kupinsky LinkedIn Profile  Stuart Kupinsky Twitter Account  Stuart Kupinsky News  Stuart Kupinsky on Facebook


 

 

Browse more venture capital transactions:

Prev: 11/6/2007: Millennial Media venture capital transaction
Next: 11/6/2007: HubCast venture capital transaction

 

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About Our VC Transactions Data

We report on funding rounds that are announced publicly. VC investment data records on this site come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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