Tech Company Financing Transactions
Wimba Funding Round
Wimba closed a $8.4 million Series B funding round on 11/6/2007. Investors included Ascend Technology Ventures.
Transaction Overview
Company Name
Announced On
11/6/2007
Transaction Type
Venture Equity
Amount
$8,400,000
Round
Series B
Investors
Ascend Technology Ventures (Lead Investor) (Kylie Sachs)
Proceeds Purpose
The new funds will be used to accelerate the company's sales and marketing capabilities throughout the world and to expand development of Wimba Collaboration Suite, the industry's most comprehensive collaborative software suite for higher education, K-12, and educational publishing.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
10 East 40th St. 11th Floor
New York, NY 10016
USA
New York, NY 10016
USA
Phone
Website
Email Address
Overview
Wimba is a company focused solely on education and dedicated to the principle that people learn more when they are drawn closer together.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bill Ballhaus
Chief Financial Officer
Lisa Mayr
VP - Administration
Tim Atkin
VP - General Counsel
Stuart Kupinsky
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