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$9M Second Round for First Coverage

Robert Buderi 6/2/08

First Coverage, a Toronto provider of Web-based financial information management solutions with U.S. headquarters in Boston, has raised $9 million in Series B funding, the company announced today. Waltham, MA-based Commonwealth Capital Ventures led the round, joined by return investors GrandBanks Capital of Boston and Toronto-based JLA Ventures.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926, or follow him on Twitter at http://twitter.com/bbuderi.

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