Tech Company Financing Transactions
Dynamics Funding Round
Dynamics, based in Cheswick, raised $35 million from Bain Capital Ventures and Adams Capital Management.
Transaction Overview
Company Name
Announced On
6/29/2011
Transaction Type
Venture Equity
Amount
$35,000,000
Round
Series B
Investors
Bain Capital Ventures (Lead Investor) (Jeffrey Schwartz)
Adams Capital Management (Joel Adams)
Proceeds Purpose
Dynamics will use the funding to increase the size of its team and production capacity to support the continued U.S. deployment of its Card 2.0 technology, which debuted at DEMO Fall 2010, winning the title DEMOgod and the $1M People's Choice Award. With this investment, Dynamics will also continue to develop and deploy additional next-generation payments products such as battery-powered contact chip "EMV" cards, battery-powered RFID "contactless" cards, and phone-based payment systems.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
493 Nixon Rd.
Cheswick, PA 15024
USA
Cheswick, PA 15024
USA
Phone
Website
Email Address
Overview
Dynamics Inc. produces and manufactures intelligent powered cards such as advanced payment cards. Focused on introducing fast-cycle innovation to top card issuers, the company's first innovation is the world's first fully programmable magnetic stripe for use in next-generation payment cards.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jeff Mullen
VP - General Counsel
Daniel Gantt
VP - Product Management
Norman O'Shea
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Prev: 6/29/2011: Acetylon Pharmaceuticals venture capital transaction
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