QSecure Lands $10,000,000 Series D Financing Round

  • Feed Type
  • Date
    10/5/2009
  • Company Name
    QSecure
  • Mailing Address
    333 Distel Circle Los Altos, CA 94022
  • Company Description
    QSecure is a venture funded, technology and solution provider of credit cards that are compatible with all card acceptance systems and point-of-sale terminals. The company was formed, and received funding, on April 1, 2003. The company completed its research and development of a novel card-based authentication product in August of 2005. The Company is now initiating manufacturing and IP licensing programs with the major Card Issuers and Standards Bodies.
  • Website
    http://www.qsecure.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $10,000,000
  • Transaction Round
    Series D
  • Proceeds Purposes
    The proceeds from the financing will be used to complete final development and initial pilots of QSecure’s first powered card products, including the SmartStripe card and the Display Card. Funds will also be used to continue development of the QSecure powered card platform, which will enable additional products and value-added services to be deployed by payment card issuers and banks.
  • M&A Terms
  • Venture Investor
    Worldview Technology Partners
  • Venture Investor
    Allegis Capital
  • Venture Investor
    UMC Capital
  • Venture Investor
    Societe Generale