Tech Company Financing Transactions
iPipeline Funding Round
On 7/9/2008, iPipeline announced $18 million in Series A financing from NewSpring Capital and Volition Capital.
Transaction Overview
Company Name
Announced On
7/9/2008
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Series A
Investors
NewSpring Capital (Michael DiPiano)
Volition Capital (Roger Hurwitz)
Proceeds Purpose
The firm will use this funding to expand its sales and marketing effort with both carriers and distributors, to develop additional point-of-sale capabilities for agents, and to make select tuck-in acquisitions to extend the depth of the offering.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
750 Springdale Dr.
Exton, PA 19341
USA
Exton, PA 19341
USA
Phone
Website
Email Address
Overview
iPipeline provides the leading suite of sales distribution software to the insurance and financial services markets delivered as an on-demand service.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Tim Wallace
Chief Operating Officer
Larry Berran
Chief Technical Officer
Brian Seidman
President
Paul Melchiorre
VP - Finance
Dan Smith
VP - Product Management
Kevin Kemmerer
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We do our best to report on all VC transactions involving tech companies. All VC database entries reported here are derived from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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