Vela Systems Obtains $6,000,000 New Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9e674c82-27fb-4e80-89da-71aea6f176f6&Preview=1 - Date
9/2/2010 - Company Name
Vela Systems - Mailing Address
52 Third Avenue Burlington, MA 01803 - Company Description
Through a unique combination of technical capabilities and deep industry knowledge, Vela Systems empowers the AEC industry with mobile technologies, streamlining field administration processes in construction, capital projects and capital equipment. Vela Systems replaces paper and clipboard with easy-to-use software and mobile devices such as Tablet PCs, enabling teams to Work Faster, Collaborate Easier, and Finish Sooner. - Website
http://www.velasystems.com - Transaction Type
Venture Equity - Transaction Amount
$6,000,000 - Transaction Round
Undisclosed - Proceeds Purposes
Vela will use a portion of the investment to help support and expand the Autodesk partnership especially as it relates to bringing Building Information Models (BIM) to the point-of-construction. - M&A Terms
- Venture Investor
Autodesk - Venture Investor
Commonwealth Capital Ventures - Venture Investor
Grand Banks Capital
