Glowpoint Obtains $5,700,000 New Funding Round

  • Feed Type
  • Date
    10/17/2012
  • Company Name
    Glowpoint
  • Mailing Address
    5700 Ralston Street Ventura, CA 93003
  • Company Description
    At Glowpoint we believe that video communications is the best tool for meetings. Our sole mission is to make video meetings simple, reliable, and the standard for bringing people together for business meetings. We make video meetings the replacement for in person and audio conferencing with our suite of cloud and managed services that permit any device to connect across any network, simply and reliably.
  • Website
    http://www.glowpoint.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $5,700,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Approximately 2.65 million shares, valued at $2.16 per share by the selling stockholders, were issued as partial consideration in connection with the acquisition of Affinity VideoNet, Inc. SEC regulatory filing.
  • M&A Terms
  • Venture Investor
    Undisclosed