Redline Brings in $7.45M

Woburn, MA-based Redline Trading Solutions, a maker of software that delivers financial market data to trading applications at high speed, has raised a $7.45 million round of equity-based funding from five investors, according to an SEC filing. The document reveals that $730,249 of the round will go to repurchasing 55,280 shares of common stock held by company president Mark Skalabrin. The filing also lists two Redline directors in addition to Skalabrin: Darren Cohen of Goldman Sachs, and James Bertelli.

Trending on Xconomy