$6 Million More for Currensee

Boston-based Currensee, a social network for currency traders, announced today that it has closed an $8 million Series B financing round led by existing investor North Bridge Venture Partners. Egan Managed Capital joined as a new investor, and Egan partner Travis Connors has joined Currensee’s board. Currensee has actually raised $6 million in new funding, but the company is reporting the round to the Securities and Exchange Commission as an $8 million round because $2 million from its $6 million Series A round in October 2009 was converted to Series B terms as part of the deal, according to CEO Dave Lemont. (The company has raised $12 million altogether.) The startup, which Xconomy profiled in April 2009, says it will use the funds in part to accelerate its expansion in Europe and Asia.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

Trending on Xconomy

By posting a comment, you agree to our terms and conditions.

Comments are closed.