Thursday, June 28, 2007

AccountNow Adds $12.75M

San Ramon-based AccountNow, a marketer of prepaid MasterCard and Visa cards, said Thursday afternoon that it has closed on $12.75M of third round venture funding. AccountNow said that the round was led by Trident Capital, and all current investors participated. The round included INVESCO Private Capital, Oak Hill Investment, VSP Capital, Grayhawk Venture Partners, Granite Hill Capital Ventures along with CEO Tim Coltrell. AccountNow said that the funding will go towards expanding its service offerings. Stephen Galasso and Christopher (Woody) Marshall, both of Trinity, have joined the company's board. More information »