ValuBond Secures $10 Million in Second Round Financing. - Free Online Library
Summary
Business EditorsATLANTA--(BUSINESS WIRE)--July 6, 2000Additional funding solidifies companys strategic Internetposition in fixed-income securities marketValuBond, the emerging leader in online fixed-income distribution, trading and information services for retail investors, announced today the closing of $10 million in financing from Financial Technology Ventures (FTVentures) of San Francisco and Alliance Technology Ventures (ATV) of Atlanta. The funding will enhance ValuBonds ability to deploy its leading-edge trading platform systems for buying and selling fixed-income securities online.ValuBond is an Atlanta-based firm that enables online brokerages to provide fixed-income investing for their retail customers. "ValuBond is an important player in modernizing the online bond trading market," said Michael Henos, general partner of Alliance Technology Ventures. "We have given our support to this latest round of financing because ValuBond embodies our mission for identifying companies that excel in e-commerce and compliment our suite of investment partners. FTVentures limited partners include: U.S. Bancorp, BankAmerica Corp., Banque Nationale de Paris, National City Corp., Wells Fargo & Co., Deutsche Bank, Credit Suisse Group, AIG, BANK ONE Corp., Charles Schwab, Chicago Title & Trust Corp., CIBC, Fifth Third Bankcorp, Fleet Financial, Key Corp, PNC Bank Corporation, Republic New York Corp., Royal Bank of Canada, Sallie Mae, Wachovia Corp. and Washington Mutual.About Alliance Technology Ventures (www.atv.com)Alliance Technology Ventures is a leading venture capital firm specializing in early stage companies primarily located in the Southeastern United States.