Red Foundry Receives $1,100,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c1164991-2520-4c6f-90cc-cf646118aef2&Preview=1 -
Date
11/4/2010 -
Company Name
Red Foundry -
Mailing Address
Undisclosed Chicago, IL 60601 -
Company Description
That’s why we started Red Foundry – to take our years of experience in building successful mobile apps and package it into technology that anyone can use to lower the cost, complexity and risk of building killer mobile apps. -
Website
http://www.redfoundry.com -
Transaction Type
Venture Equity -
Transaction Amount
$1,100,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The company says it will use the funding to expand its staff, customer base, and offerings while also working on launching its mobile app platform to the public. -
M&A Terms
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Venture Investor
OCA Ventures -
Venture Investor
Illinois Innovation Accelerator Fund
