“The Contactless payment market has begun to expand rapidly,� said Josh Stein of Draper Fisher Jurveston, who is joining the ViVOtech Board coincident with this investment. “Over the next five years opportunities will be enormous as the payments industry introduces innovative new payment methods in the quest to replace cash, and enhance speed, convenience and security at the point of sale. We see ViVOtech as an innovator with ground-breaking payments solutions, very well positioned to take advantage of these opportunities.�
Wednesday, September 28, 2005
ViVOtech : raises Series B
ViVOtech, the leading supplier of Contactless payment solutions, today announced it has raised $18.25 million in Series B funding. The round is being led by Draper Fisher Jurveston. Also participating in the round are Nokia Growth Partners, DFJ Gotham and previous investor Alloy Ventures.
“The Contactless payment market has begun to expand rapidly,� said Josh Stein of Draper Fisher Jurveston, who is joining the ViVOtech Board coincident with this investment. “Over the next five years opportunities will be enormous as the payments industry introduces innovative new payment methods in the quest to replace cash, and enhance speed, convenience and security at the point of sale. We see ViVOtech as an innovator with ground-breaking payments solutions, very well positioned to take advantage of these opportunities.�
“The Contactless payment market has begun to expand rapidly,� said Josh Stein of Draper Fisher Jurveston, who is joining the ViVOtech Board coincident with this investment. “Over the next five years opportunities will be enormous as the payments industry introduces innovative new payment methods in the quest to replace cash, and enhance speed, convenience and security at the point of sale. We see ViVOtech as an innovator with ground-breaking payments solutions, very well positioned to take advantage of these opportunities.�
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment