Tuesday, January 31, 2006

DispenseSource Raises $13.75M

Irvine-based DispenseSource has raised $13.75M in a new round of funding. The firm said that the round came from Inverness Capital Partners and The Argentum Group, with participation from existing investors Mission Ventures and InnoCal Venture Capital. DispenseSource is developing inventory management systems used for the industrial and maintenance operations market. The company said that the investment will allow it to broadan its management solutions, and to expand development, marketing, and sales initiatives. More information »