Vela Systems Obtains $6,000,000 New Funding

  • Feed Type
  • Date
    9/2/2010
  • Company Name
    Vela Systems
  • Mailing Address
    52 Third Avenue Burlington, MA 01803
  • Company Description
    Through a unique combination of technical capabilities and deep industry knowledge, Vela Systems empowers the AEC industry with mobile technologies, streamlining field administration processes in construction, capital projects and capital equipment. Vela Systems replaces paper and clipboard with easy-to-use software and mobile devices such as Tablet PCs, enabling teams to Work Faster, Collaborate Easier, and Finish Sooner.
  • Website
    http://www.velasystems.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Vela will use a portion of the investment to help support and expand the Autodesk partnership especially as it relates to bringing Building Information Models (BIM) to the point-of-construction.
  • M&A Terms
  • Venture Investor
    Autodesk
  • Venture Investor
    Commonwealth Capital Ventures
  • Venture Investor
    Grand Banks Capital

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