Thursday, August 23, 2007

TradeBeam Scores $29M

San Mateo-based TradeBeam Holdings said today that it has closed $29M in a Series C funding round. The investment came from Camden Partners Strategic Fund III and Torch Hill Investment Partners, along with existing investors The Carlyle Group, Enterprise Partners, Sigma Partners and The Sprout Group. The firm said the round was oversubscribed, and brings the company's total raised to $57.5M. TradeBeam develops software and services used for managing global trading processes, including import/export, inventory management, shipment tracking, and other supply chain management. More information »