Online mortgage site raises $15 nillion in second round funding.CapitalThinking, Inc. has closed a $15 million second round of venture capital funding, led by Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. and RRE RRE Red Rock Eater (News Service) RRE Road Race Engineering RRE Remote Roof Easy RRE Residential Real Estate RRE Rise-And-Run-Length Encoding RRE Royal Radar Establishment (Great Britain) Ventures. Real estate industry firms Starwood Financial Inc. and ABP 1. (networking) ABP - Alternating bit protocol. 2. ABP - Microsoft Address Book Provider. Investments also committed funds. "Our investors are strategic partners that can help us grow our business," said Heather Shively, co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CapitalThinking. "Bessemer, RRE Ventures, Starwood Financial and ABP have a great track record of supporting and building the companies in which they invest. They give us a competitive advantage in leading the online commercial mortgage marketplace," she said. CapitalThinking launched its national online commercial mortgage site on March 1 with over 30 professionals on staff and $70 million of deal flow in the pipeline. Today, the company has $270 million of deals in process. "We look for companies that will translate an innovative approach into a leadership position in an emerging marketplace," says Bob Goodman Goodman was a polite term of address, used where Mister (Mr.) would be used today. Compare Goodwife. Goodman refers to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Office. "CapitalThinking's strategy of combining real estate finance professionals with technology to re-engineer the commercial mortgage process makes them a very attractive investment." Shively and Dr. Charles Ferguson, who is chairman of the company as well as cofounder co·found tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found , incorporated CapitalThinking in July of 1999. Ferguson previously founded Vermeer Technology, which he sold to Microsoft in 1996. Vermeer created one of the world's leading web authoring tools, known today as Microsoft Front Page. "We like the fact they have their technology in-house," says Stuart Ellman, an RRE Ventures founder. "You can't outsource the ability to invent and modify in a market this complex and fast-moving," he says. "CapitalThinking has the unique ability to listen to its clients and respond immediately with the right solution." This is the second round of venture capital funding for CapitalThinking. Aberdare Ventures led the company's first-round financing of $3.4 million, raised in September of 1999. |
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