BlueTarp Financial Builds for Future Growth with $18.5 Million in Venture Financing.Trinity Ventures Joins Existing Investors Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in , IDG IDG International Data Group IDG Integrated Drive Generator IDG Installation Design Guide IDG Internet Discussion Group IDG Inset Dielectric Guide IDG International Dangerous Goods (mail, shipping) Ventures and Village Ventures to Lead Series B Round CHARLOTTE, N.C. and PORTLAND, Maine Portland is the largest city in the U.S. state of Maine, with a 2004 population of 63,882. Portland is Maine's cultural, social and economic capital. Tourists are drawn to Portland's historic Old Port district along Portland Harbor, which is at the mouth of the Fore River and part -- BlueTarp Financial, the leading provider of enhanced financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to the building materials Building materials used in the construction industry to create . These categories of materials and products are used by and construction project managers to specify the materials and methods used for . and supply industry announced today it has secured $18.5 million in venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends . The Series B investment was led by Trinity Ventures with participation from existing investors, Highland Capital Partners, IDG Ventures Boston and Village Ventures. Noel Fenton, a general partner with Trinity Ventures, will join the company's Board of Directors. "We've experienced significant growth in our business over the past several years and made tremendous strides in providing world-class financial products to the building materials and supply industry," said Bond Isaacson, chief executive officer of BlueTarp Financial. "We are thrilled to welcome Trinity Ventures to our investor team and look forward to working with all of our investors as we continue our rapid growth." BlueTarp Financial provides commercial trade credit services to more than 550 building material stores and 12,500 contractors across the United States. Over the past year, the company has signed a partnership agreement to offer a private label credit product with CCA (1) (Common Cryptographic Architecture) Cryptography software from IBM for MVS and DOS applications. (2) (Compatible Communications A Global Partners, as well as grown the base business significantly by adding over 100 dealer locations in 2006. "We were impressed with significant traction BlueTarp Financial has achieved in the building materials and supply industry over the past year," said Noel Fenton, general partner, Trinity Ventures. "This traction, along with the strong management team at the company, well positions the company to build on its past successes and achieve significant growth. We are pleased to join Highland Capital Partners, IDG Ventures and Village Ventures in this follow-on round." BlueTarp Financial handles every aspect of a dealer's trade credit. This includes credit extension, invoicing and collections which frees up time allowing the dealer to focus on growing their business. BlueTarp dealers benefit from increased cash flow, reduced back office work and a healthier bottom line. Additionally, BlueTarp contractors enjoy a valuable rewards program that allows them to earn points with every purchase and view detailed data about their purchases via online reporting. About BlueTarp Financial, Inc. BlueTarp Financial, headquartered in Charlotte, North Carolina “Charlotte” redirects here. For other uses, see Charlotte (disambiguation). Charlotte is the largest city in the state of North Carolina and the 20th largest city in the United States. , and with operations in Portland, Maine, provides commercial trade credit services to more than 550 building material stores and 12,500 contractors across the United States. BlueTarp dealers benefit from increased cash flow, reduced back office work and a healthier bottom line. For more, see www.bluetarp.com. About Trinity Ventures Trinity Ventures, a 20 year veteran in the venture business with more than $1 billion under management, partners with exceptional entrepreneurs to build great companies. Trinity Ventures focuses on early-stage technology investment opportunities with a particular emphasis on the Digital Media, Internet Services, Mobility, Security and Software markets. Trinity has invested in well over 100 ventures, including such leading companies as Blue Nile (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NILE), Crescendo Communications, Extreme Networks (NASDAQ: EXTR), Forte Software, Illustra, LoopNet (NASDAQ: LOOP), Speedera Networks, Starbucks (NASDAQ: SBUX SBUX Starbucks Corporation (stock symbol) SBUX Starbucks Coffee Company ) and Sygate. |
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