FirstBest Systems Lands $10,000,000 New Financing Round

  • Feed Type
  • 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
  • Venture Investor
    NewSpring Capital
  • Venture Investor
    Brookstone Partners
  • Venture Investor
    Flybridge Capital Partners

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