SupplyFrame Completes $7 Million Funding Round
6/22/07 – SupplyFrame, a Pasadena-based vertical search engine for electronic components, has announced the completion of a $7 million series B funding round led by U.S. Venture Partners. SupplyFrame says its existing investors, Clearstone Venture Partners and Arcturus Capital, are also participating in the financing. In addition, the company announced that Irwin Federman, general partner at U.S. Venture Partners, will join the SupplyFrame board of directors.
SupplyFrame says it will use the additional capital to continue its global expansion, increase its electronic component content and scale its advertising business model.
Through direct connections to component manufacturers and authorized distributors, SupplyFrame has created a free, trusted source for engineers and buyers to find information on millions of electronic components.
SupplyFrame – www.supplyframe.com
