SignalSet Obtains $6,000,000 Series A Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5532e38b-abf4-4e81-8436-098b2a4d71c1&Preview=1 -
Date
4/27/2011 -
Company Name
SignalSet -
Mailing Address
720 3rd Ave. Seattle, WA 98104 -
Company Description
SignalSet has developed the first wireless infrastructure solution that allows wireless machine-to-machine device manufacturers and OEMs to deploy and remotely manage wireless devices capable of seamlessly switching between GSM and CDMA wireless networks with no manual intervention. -
Website
http://www.signalset.com -
Transaction Type
Venture Equity -
Transaction Amount
$6,000,000 -
Transaction Round
Series A -
Proceeds Purposes
SignalSet CEO Peter van der Gracht said Series A funding will be invested in ongoing product development, product launch, and marketing initiatives conducted collaboratively with the company’s first development and distribution partner. -
M&A Terms
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Venture Investor
Vanedge Capital -
Venture Investor
Point B Capital -
Venture Investor
Globespan Capital Partners -
Venture Investor
Undisclosed
