Xconomy Boston

First Coverage Inc. Receives $9,000,000 Series B Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=02f0559b-570a-433d-b3c7-586f33eedc45&Preview=1
Date
6/2/2008
Company Name
First Coverage Inc.
Mailing Address
10 High St. Boston, MA 02210
Company Description
First Coverage (formerly iSequent) is a privately-held Canadian company which was founded in 2005 through the combined efforts of financial industry experts and successful technology entrepreneurs.
Website
http://www.firstcoverage.com
Transaction Type
Venture Equity
Transaction Amount
$9,000,000
Transaction Round
Series B
Proceeds Purposes
This most recent expansion round will be used to further First Coverage’s growth via both product development and geographic expansion, among other activities.
M&A Terms
Venture Investor
Commonwealth Capital Ventures
Venture Investor
Grand Banks Capital
Venture Investor
JLA Ventures