Red Foundry Receives $1,100,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c1164991-2520-4c6f-90cc-cf646118aef2&Preview=1
Date
11/4/2010
Company Name
Red Foundry
Mailing Address
Undisclosed Chicago, IL 60601
Company Description
That’s why we started Red Foundry – to take our years of experience in building successful mobile apps and package it into technology that anyone can use to lower the cost, complexity and risk of building killer mobile apps.
Website
http://www.redfoundry.com
Transaction Type
Venture Equity
Transaction Amount
$1,100,000
Transaction Round
Undisclosed
Proceeds Purposes
The company says it will use the funding to expand its staff, customer base, and offerings while also working on launching its mobile app platform to the public.
M&A Terms
Venture Investor
OCA Ventures
Venture Investor
Illinois Innovation Accelerator Fund