Jemstep Receives $4,500,000 Series A Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a7e42bbd-2d9d-4692-817d-816021709f86
Date
10/3/2013
Company Name
Jemstep
Mailing Address
5150 El Camino Real Los Altos, CA 94022
Company Description
Jemstep was founded in 2008 by CEO Michael Blumenthal, who brought to this new venture years of experience as a stockbroker, entrepreneur, and corporate executive. But it was Michael’s experience as an investor that informed his vision for Jemstep.
Website
http://www.jemstep.com
Transaction Type
Venture Equity
Transaction Amount
$4,500,000
Transaction Round
Series A
Proceeds Purposes
This brings total funds raised to $15 million which will be used to expand distribution, enhance the service, and make key new hires.
M&A Terms
Venture Investor
Caleo Capital
Venture Investor
Undisclosed