Wednesday, March 28, 2007

Coghead Rolls In $8M

Redwood City-based Coghead, which develops Web 2.0 tools that are used to create business applications, announced today that it has raised $8M in a second round funding. The funding was led by American Capital Strategies, and also included SAP Ventures and existing investor El Dorado Ventures. The funding will go toward promotion and support of its web application platform. Coghead's service allows business people to create web applications using a drag-and-drop interface. More information »