Wednesday, September 21, 2011 6:52:55 AM
TransDimension closes series C funding
Investment Led By GKM Ventures with Shelter Capital and iSherpa
IRVINE, Calif., March 11, 2003 - TransDimension, the leader in USB connectivity solutions for embedded applications, announced that it has closed its Series C financing. Los Angeles-based GKM Ventures led the round, which included another new investor, Englewood, CO-based, iSherpa Capital, along with existing investor Shelter Capital Partners, which led the company's prior $13.0 Million Series B round. Series B investor Rolling Oaks Capital will also participate. The Series C financing provides for up to $10 million, and includes an initial close of $6 million.
TransDimension fits perfectly within our strategic focus of companies that are pioneers in the communications, software and digital media enabling technologies," said Jonathan Bloch, managing director, GKM Ventures. "We are excited both with our investment in TransDimension, and our partnership with iSherpa and Shelter, two outstanding firms that share our philosophy of adding value to portfolio companies."
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