Tech Company Financing Transactions
Illume Software Funding Round
On 3/16/2011, Illume Software raised $2.4 million in funding from MassVentures and private investors.
Transaction Overview
Company Name
Announced On
3/16/2011
Transaction Type
Venture Equity
Amount
$2,377,696
Round
Undisclosed
Investors
MassVentures (Walter Bird)
Proceeds Purpose
The new financing comes in response to strong market demand for its iZUP software. It will allow Illume Software to ramp up sales and development of iZUP to the corporate and consumer markets, as well as support general corporate activities.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
75 Second Avenue 140
Needham, MA 02494
USA
Needham, MA 02494
USA
Phone
Website
Email Address
Overview
Illume Software develops solutions that leverage location to power high-value applications and services. Our first product, iZUP, offers a responsible solution to cell phone-related distracted driving. iZUP harnesses the power of GPS, the pervasiveness of cellular networks, and the new emphasis on intelligent solutions to real-world problems.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Ross
Chief Technical Officer
Moti Hodis
Co-Founder
Darcy Ahl
VP - Bus. Development
Mark Thirman
VP - Sales
Dan Maier
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