BMG Seltec Garners $6,000,000 New Financing

  • Feed Type
  • Date
    8/29/2009
  • Company Name
    BMG Seltec
  • Mailing Address
    222 Mountain Vista Pkwy Livermore, CA 94551
  • Company Description
    Based in Livermore, CA, BMG Seltec provides operations support software, GPS vehicle tracking, plant control systems, point-of-sale systems, and related professional and plant services to producers of asphalt, aggregates, and concrete.
  • Website
    http://www.bmgseltec.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The investment will fundamentally strengthen our balance sheet and provide the growth capital necessary to significantly accelerate major advances to our product offering, broaden our market reach, and expand our service organization.
  • M&A Terms
  • Venture Investor
    Element Partners
  • Venture Investor
    Undisclosed

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