Corona Labs Secures $2,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=53773d1c-8bee-4bda-a7a4-1cc10d2b9007&Preview=1 -
Date
11/13/2012 -
Company Name
Corona Labs -
Mailing Address
1900 Embarcadero Rd Palo Alto, CA 94303 -
Company Description
Corona Labs is a venture-backed mobile software company based in Palo Alto, CA, and founded by two Adobe veterans who previously led the Flash Lite engineering team. Ansca team members also hail from Apple and Pixar, and the company’s investors are former Google and Microsoft executives. Ansca’s Corona SDK empowers developers of all backgrounds to create graphically rich games and applications for the Apple iPhone — combining a rapid authoring framework with a high performance, hardware-accelerated OpenGL rendering engine. -
Website
http://www.coronalabs.com -
Transaction Type
Debt, Venture Equity -
Transaction Amount
$2,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The company will use the financing to increase its headcount and roll out additional features. -
M&A Terms
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Venture Investor
Merus Capital -
Venture Investor
Western Technology Investment
