Beacon Technologies Raises Capital to Fuel Growth
Summary
Beacon Technologies, Inc., the leading developer of next-generation audio visual communication solutions, today announced it has launched a $5 million funding exercise and entered into a Series A agreement being led by 1414 Ventures of Boston, Massachusetts.This investment will fuel the companys explosive growth and help with ongoing hiring efforts, scaling software offerings and bolstering strategic partnership opportunities for its primary product Beacon, a private, secure, next-generation visual and voice communications service. ""After seven months of due diligence, were pleased that weve met the strict requirements for a direct investment from 1414 Ventures and thrilled that theyve chosen to lead the syndication of our Series A round. Were almost ready to launch our paid version of Beacon and take the world by storm with our unparalleled security, unsurpassed video quality and ultra-simple UI. All companies are led by founder and CEO Angel Munoz, who spearheaded the global esports industry when he launched the worlds first professional league for gamers. For more information on Beacon, visit www.beaconx.com.1414 Ventures is focused solely on the digital identity space that supports functions such as payments, cybersecurity and data privacy & trust.