Tech Company Financing Transactions

Vela Systems Funding Round

Vela Systems, based in Burlington, raised $6 million from Autodesk, Commonwealth Capital Ventures and GrandBanks Capital.

Transaction Overview

Company Name
Vela Systems
Announced On
9/2/2010
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Investors

Autodesk (Lead Investor) (James Lynch)

Commonwealth Capital Ventures (Elliott Katzman)

GrandBanks Capital (Ryan Moore)

Proceeds Purpose
Vela will use a portion of the investment to help support and expand the Autodesk partnership especially as it relates to bringing Building Information Models (BIM) to the point-of-construction.

Company Information

Company Status
Acquired or Merged
Industry
Software
Mailing Address
164 Middlesex Turnpike
Burlington, MA 01803
USA
Phone
(888) 835-2797
Website
www.velasystems.com
Email Address
[email protected]
Overview
Through a unique combination of technical capabilities and deep industry knowledge, Vela Systems empowers the AEC industry with mobile technologies, streamlining field administration processes in construction, capital projects and capital equipment.
Profile
Vela Systems LinkedIn Company Profile
Social Media
Vela Systems Company Twitter Account
Company News
Vela Systems News
Facebook
Vela Systems on Facebook
YouTube
Vela Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Tim Curran
  Tim Curran LinkedIn Profile  Tim Curran Twitter Account  Tim Curran News  Tim Curran on Facebook
Chief Financial Officer
Tom Huntington
  Tom Huntington LinkedIn Profile  Tom Huntington Twitter Account  Tom Huntington News  Tom Huntington on Facebook
Co-Founder
Adam Omansky
  Adam Omansky LinkedIn Profile  Adam Omansky Twitter Account  Adam Omansky News  Adam Omansky on Facebook
VP - Bus. Development
Josh Kanner
  Josh Kanner LinkedIn Profile  Josh Kanner Twitter Account  Josh Kanner News  Josh Kanner on Facebook
VP - Sales
Gary Greenberger
  Gary Greenberger LinkedIn Profile  Gary Greenberger Twitter Account  Gary Greenberger News  Gary Greenberger on Facebook

 

 

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Prev: 9/2/2010: NetBooks venture capital transaction
Next: 9/3/2010: vMix Media venture capital transaction

 

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