FirstBest Systems Lands $10,000,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ea2fa7d6-b5f7-4ea4-ac34-ec7aa791c32c&Preview=1 -
Date
4/3/2012 -
Company Name
FirstBest Systems -
Mailing Address
213 Burlington Rd. Bedford, MA 01730 -
Company Description
Founded in 2006, FirstBest Systems, Inc. is a software and services company providing advanced Underwriting Management Systems (UMS) to commercial insurance carriers. -
Website
http://www.firstbest.com -
Transaction Type
Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The company plans to use the funding to expand into other areas of the insurance industry, grow its sales and marketing team, and expand its engineering team to support mobile applications for enterprise customers. -
M&A Terms
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Venture Investor
NewSpring Capital -
Venture Investor
Brookstone Partners -
Venture Investor
Flybridge Capital Partners
