BidPal Network Garners $5,600,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cb18d01d-4131-4d5b-8b55-e817d29482c5&Preview=1 -
Date
9/29/2011 -
Company Name
BidPal Network -
Mailing Address
8425 Woodfield Crossing Indianapolis, IL 46240 -
Company Description
BidPal Network has developed an innovative solution that wirelessly automates and accelerates the auction process. BidPal’s system enables guests to place bids on silent auction items at any time and from anywhere during the event. Using a BidPal device, guests browse items and monitor bids wirelessly. The BidPal device constantly updates guests with the highest current bids, generating competitive bidding and increasing funds raised. -
Website
http://www.bidpalnetwork.com -
Transaction Type
Venture Equity -
Transaction Amount
$5,600,000 -
Transaction Round
Series B -
Proceeds Purposes
This investment will help the company expand its support of non-profit fundraising to new markets. -
M&A Terms
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Venture Investor
MK Capital -
Venture Investor
Allos Ventures
