Tech Company Financing Transactions
Laru Funding Round
Laru, operating out of Folsom, secured investment from Velocity Venture Capital.
Transaction Overview
Company Name
Announced On
5/6/2008
Transaction Type
Venture Equity
Amount
Unknown
Round
Series A
Investors
Velocity Venture Capital (Lead Investor) (Jack Crawford)
Proceeds Purpose
"We are very pleased at the response received from the venture community," said Ben Waidhofer, president and chief executive officer of Laru. "This funding will accelerate the adoption of Laru's ACH Clarity and ACH FileFox products as the standard for managing risk, fraud, and compliance across the ACH network."
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
400 Plaza Dr. 210
Folsom, CA 95630
USA
Folsom, CA 95630
USA
Phone
Website
Email Address
Overview
Laru Corporation, headquartered in El Dorado Hills, Calif., is a provider of ACH risk and compliance software applications. Financial institutions, aggregators and corporations use the company's products to identify, resolve and prevent ACH fraud and network violations.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
President
Rajiv Donde
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