LineStream Closes $5 Million Series B Early Stage Venture Capital Round

LineStream Closes $5 Million Series B Early Stage Venture Capital Round

03/12/2012

Cleveland, OH--LineStream Technologies, Inc., an innovator of software-based control solutions, today announced that is has closed a $5 million Series B early stage capital investment led by U.S. Venture Partners (USVP), joining Series A investor Early Stage Partners. Winston Fu, general partner, and David Liddle, venture partner of USVP, have joined the company's board of directors.
The funding came about through an introduction made by Mark Kvamme, President and Interim Chief Investment Office for JobsOhio, a long-time partner at Sequioa Venture Partners.
"This round of funding is perfectly timed to grow our company to meet customer demand. USVP has helped other high growth companies recruit top talent and pioneer in new markets," said Dave Neundorfer, LineStream President. "We are thrilled to benefit from USVP's deep expertise in the semiconductor and software sectors, as well as their guidance and support as LineStream addresses this $10 billion market opportunity." Read more...








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Early Stage Managing Director Jim Petras serves on the LineStream board.