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TrafficCast secures $2M from Phenomenelle Angels, NEW Capital Fund

Madison, Wis. - TrafficCast International, a global provider of digital traffic data, will receive $2 million in new angel funding in a round led by two Wisconsin-based investment funds, Phenomenelle Angels Fund I of Madison and NEW Capital Fund of Appleton.
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"TrafficCast is a good example of a Wisconsin-based, early-stage company that possesses unique technology addressing an emerging market," Goff said.

Joe Hildebrandt, managing director of Phenomenelle Angels, said the market for traffic information is evolving rapidly and TrafficCast has exceptionally valuable IP and patents in place to take advantage of emerging opp......

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Source:wistechnology.com By Joe Vanden Plas 06/18/07


Related biology technology :

1. Schneider National exec joins TrafficCast board
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4. Madison-based TrafficCast makes national inroads as data provider
5. Madison-based TrafficCast strikes deals with City of Shanghai
6. Perscitus Biosciences secures $250K Commerce loan
7. ProCertus BioPharm secures $2.3M in financing
8. Mirus Bio secures $900K grant to develop research tool
9. BioSystem Development secures angel funding
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11. Wausau start up secures $560K for GPS maps
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