iSend LLC Obtains $2,000,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f1022e7a-107c-4bc4-809b-5b557a0dbeb9&Preview=1
Date
7/1/2009
Company Name
iSend LLC
Mailing Address
680 Main St Watertown, CT 06795
Company Description
A privately held company, iSend was founded by Steven LaBella and is located in Watertown, CT. iSend is a leading provider of international electronic payments from the United States to Mexico, Central and South America, and the Caribbean. iSend services provide consumers based in the U.S. a secure, convenient and economical solution to directly pay bills and recharge cellular phones for themselves and for their family back in their home countries through thousands of U.S. retail partner locations.
Website
http://www.isendonline.com/
Transaction Type
Venture Equity
Transaction Amount
$2,000,000
Transaction Round
Series A
Proceeds Purposes
The company plans to use the capital to expand its network of U.S. payment locations, establish more partnerships with international wireless carriers and bill payment partners, and expand its marketing initiatives.
M&A Terms
Venture Investor
Gray Ghost Ventures
Venture Investor
Village Ventures
Venture Investor
NextLevel Venture Partners