$6 Million More for Currensee
Boston-based Currensee, a social network for currency traders, announced today that it has closed an $8 million Series B financing round led by existing investor North Bridge Venture Partners. Egan Managed Capital joined as a new investor, and Egan partner Travis Connors has joined Currensee’s board. Currensee has actually raised $6 million in new funding, but the company is reporting the round to the Securities and Exchange Commission as an $8 million round because $2 million from its $6 million Series A round in October 2009 was converted to Series B terms as part of the deal, according to CEO Dave Lemont. (The company has raised $12 million altogether.) The startup, which Xconomy profiled in April 2009, says it will use the funds in part to accelerate its expansion in Europe and Asia.