Corona Labs Garners $2,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=53773d1c-8bee-4bda-a7a4-1cc10d2b9007&Preview=1
Date
11/13/2012
Company Name
Corona Labs
Mailing Address
1900 Embarcadero Rd Palo Alto, CA 94303
Company Description
Corona Labs is a venture-backed mobile software company based in Palo Alto, CA, and founded by two Adobe veterans who previously led the Flash Lite engineering team. Ansca team members also hail from Apple and Pixar, and the company’s investors are former Google and Microsoft executives. Ansca’s Corona SDK empowers developers of all backgrounds to create graphically rich games and applications for the Apple iPhone — combining a rapid authoring framework with a high performance, hardware-accelerated OpenGL rendering engine.
Website
http://www.coronalabs.com
Transaction Type
Debt, Venture Equity
Transaction Amount
$2,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The company will use the financing to increase its headcount and roll out additional features.
M&A Terms
Venture Investor
Merus Capital
Venture Investor
Western Technology Investment