$6 Million More for Currensee
Wade Roush2/23/10
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.
Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.
Francesc’s Weblog » $6 Million More for Currensee… Not Bad Right?
2/23/10 5:04 am
[...] $6 Million More for Currensee By Xconomy 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. [...]
Social Network For Traders Currensee Raises $8 Million | Easybranches.com™
2/23/10 8:21 am
[...] Northbridge Venture Partners, but $2 million of the Series A round (raised in October 2009) was converted to Series B terms as part of the deal. Thus, this round brings the total of financing for the company to $12 [...]
Social Network For Traders Currensee Raises $8 Million | The Civic Beacon- Musings on Politics, Finance, Media, Culture, Celebrity, Gossip, Michael Reinstein, AtCost.com
2/23/10 9:01 am
[...] Northbridge Venture Partners, but $2 million of the Series A round (raised in October 2009) was converted to Series B terms as part of the deal. Thus, this round brings the total of financing for the company to $12 [...]
Currensee Adds $6M in Funding | Trep Rally
2/23/10 6:17 pm
[...] B round of venture capital funding. According to our friend Wade Roush at Xconomy, $2M of that was converted to Series B from their Series A round, which happened in October. This brings their total funds raised to [...]
Social Network For Traders Currensee Raises $8 Million | Technology Blog By ShaileshPatel.Net
2/27/10 5:42 am
[...] Northbridge Venture Partners, but $2 million of the Series A round (raised in October 2009) was converted to Series B terms as part of the deal. Thus, this round brings the total of financing for the company to $12 [...]