Pivot Picks Up $3.5M
Pivot, a New Jersey-based maker of software for trading and financial applications, has raised $3.5 million in debt financing from Wellington Financial. Pivot has an office in Cambridge, MA, and was formerly headquartered there. The new money will be used to support Pivot’s growth as it tries to sign up more trading desks, where its software can be used to make communications, collaboration, and liquidity management more efficient. The company was founded in 2004 and is venture-backed by Boldcap Venture Partners, Draper Fisher Jurvetson, Gotham Ventures, EPIC Ventures, Eze Castle Integration, Hudson Ventures, and Softbank Capital.