Corona Labs Secures $2,000,000 New Financing

  • Feed Type
  • 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
  • Venture Investor
    Merus Capital
  • Venture Investor
    Western Technology Investment

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