Tech Company Financing Transactions
Powerset Funding Round
Foundation Capital participated in a $12.5 million Series A capital raise for Powerset. The round closed on 11/6/2006.
Transaction Overview
Company Name
Announced On
11/6/2006
Transaction Type
Venture Equity
Amount
$12,500,000
Round
Series A
Investors
Foundation Capital (Lead Investor) (Charles Moldow)
Proceeds Purpose
The new funds will be used to further the company's product development initiatives and for company operations.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
475 Brannan St
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Website
Email Address
Overview
Powerset is a San Francisco company building a transformative consumer search engine based on natural language processing.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Scientific Officer
Lorenzo Thione
Chief Technical Officer
Barney Pell
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Prev: 11/6/2006: Boston-Power venture capital transaction
Next: 11/7/2006: Axsun Technologies venture capital transaction
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