Tech Company Financing Transactions
Sourcebits Funding Round
Sourcebits, based in San Francisco, raised $10 million from Ridge Ventures and Sequoia Capital.
Transaction Overview
Company Name
Announced On
5/10/2011
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
Proceeds Purpose
The new investment will be used to set up engineering and sales centers in the United States, as well as augmenting a design engineering team in India and Europe.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
211 Sutter St.
San Francisco, CA 94108
USA
San Francisco, CA 94108
USA
Phone
Website
Email Address
Overview
Sourcebits is a Macintosh, iPhone, Android and Web development company. Our efforts on the Mac are focused on researching and developing innovative and engaging applications that are new in the market or something we believe can be done in a better way.
Management Team
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