BidPal Network Garners $5,600,000 Series B Financing

  • Feed Type
  • 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
  • Venture Investor
    MK Capital
  • Venture Investor
    Allos Ventures

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