Microbridge completes $5 million extension round of funding
Microbridge announced it has closed a planned extension of its Series B equity financing, raising an additional US$5 million in venture capital and US$12.5 million to date. An international syndicate of investors contributed to the round, including: Zon Capital Partners, L.P. of New Jersey; BDC Venture Capital of Canada; Fonds de Solidarité des Travailleurs du Québec of Canada; Lothian Partners 27 (Sarl) SICAR of Luxembourg (advised by Multiple Capital, Inc.); and Schneider Electric Ventures of France.
"An internationally-renowned group of investors provided the extension round in recognition of the progress Microbridge has made in the market," said Michael Foster, President and CEO, Microbridge. "The financing provides additional capital to rapidly expand our sales and marketing activities on the standard product, application specific standard product and custom product fronts, as well as increase our strategic alliance and licensing activities. The Rejustor products and technology are established in the marketplace and we will leverage this success to build a world-class company with our international venture partner group."
