Tech Company Financing Transactions
Macheen Funding Round
Macheen, based in Austin, raised $10 million in funding from North Bridge Venture Partners and Mercury Fund.
Transaction Overview
Company Name
Announced On
6/15/2011
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
North Bridge Venture Partners (Lead Investor) (Basil Horangic)
Mercury Fund (Ned Hill)
Proceeds Purpose
The company will use the funding to build on its successful market entry earlier this year.
Company Information
Company Status
Acquired or Merged
Industry
Mobile
Mailing Address
9500 Arboretum Blvd. 110
Austin, TX 78759
USA
Austin, TX 78759
USA
Phone
Website
Email Address
Overview
Macheen manages the complexity to enable device makers and retailers to ship devices with the Internet included, anywhere. Device makers and retailers brand the services and gain profitable, recurring revenue.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Richard Schwartz
Chief Financial Officer
Jayne Walters
VP - Bus. Development
George Kanuck
VP - Marketing
Darcy Kurtz
VP - Operations
Grant Hartline
VP - Product Management
Glenda Akers
Browse more venture capital transactions:
Prev: 6/15/2011: Chiasma venture capital transaction
Next: 6/15/2011: AxoGen venture capital transaction
Share this article
Where The Data Comes From
Our team works diligently to document all VC transactions involving tech companies. VC investment data records on this site are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs