Monday, 9 June 2008

SmartSynch raises $20m from Credit Suisse and Southern Bureau Life Insurance

SmartSynch, raised $20 million in new funding led by new investors Credit Suisse and Southern Farm Bureau Life Insurance. Previous investors also participated in the round of investment in the company that was founded in 2000. SmartSynch has now raised a total of $80 million from investors who include Battelle Ventures, Beacon Group, Endeavor Capital Management, GulfSouth Capital, Innovation Valley Partners, Kinetic Ventures, OPG Ventures and Siemens Venture Capital.

It will use this latest round to fund working capital growth and expand market presence, among other purposes.

Source; Various

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