SignalSet Obtains $6,000,000 Series A Round

  • Feed Type
  • Date
    4/27/2011
  • Company Name
    SignalSet
  • Mailing Address
    720 3rd Ave. Seattle, WA 98104
  • Company Description
    SignalSet has developed the first wireless infrastructure solution that allows wireless machine-to-machine device manufacturers and OEMs to deploy and remotely manage wireless devices capable of seamlessly switching between GSM and CDMA wireless networks with no manual intervention.
  • Website
    http://www.signalset.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    SignalSet CEO Peter van der Gracht said Series A funding will be invested in ongoing product development, product launch, and marketing initiatives conducted collaboratively with the company’s first development and distribution partner.
  • M&A Terms
  • Venture Investor
    Vanedge Capital
  • Venture Investor
    Point B Capital
  • Venture Investor
    Globespan Capital Partners
  • Venture Investor
    Undisclosed