Posts

Overture Technologies Closes $6 Million Series C Funding Led by Capital Trust Ventures

/in , /by


Bethesda, MD (PRWEB) December 19, 2008

Overture Technologies, the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes, announced it has closed $ 6 million in Series C funding led by Capital Trust Ventures with continuing participation from CNF Investments, New Markets Growth Fund and other existing investors. Financing will be used to support market expansion to meet urgent and increasing demand for the company’s financial decisioning solutions serving the mortgage and education lending industries. In conjunction with the funding, Tim Meyers, Managing Partner at Capital Trust Ventures, has joined Overture’s board of directors.

“Today’s mortgage and student loan industries require consistent application of complex lending and pricing guidelines and thorough evaluation of ever-changing risk and asset valuation data to meet current and future regulatory requirements,” said Bill Kelvie, CEO, Overture Technologies. “This growth funding from experienced investors during a challenging time further validates our approach and will help us accelerate our reach for the markets we serve.”

Overture enables market efficiency and improves risk management in underwriting, pricing, servicing and valuing mortgage loans and assets with its Mozart suite of solutions, industry-leading automated decisioning software for originations and acquisitions, servicing, secondary marketing and the capital markets. In addition to Overture’s advanced FHA lending decisioning capabilities, its groundbreaking solution uses rules-driven decisioning for loan modifications to keep borrowers in their homes.
Overture’s education finance solutions empower colleges and universities, lenders, guarantors and other service providers to help students intelligently navigate the process of funding their education with Conductor, the leading online financial aid portal, the Student Loan Marketplace loan comparison tool and Amadeus, the premier student loan pricing and underwriting solution.
“Overture is providing business rules management systems for lending processes that can restore confidence in the credit markets and prevent the current crises in mortgage and education lending from happening again,” said Tim Meyers, Managing Partner, Capital Trust Ventures. “We’re pleased to invest in a company led by industry veterans and technology thought leaders who are enabling greater accuracy, transparency and efficiency for this significant and essential segment of the financial services sector.”

About Capital Trust Ventures:

Capital Trust Ventures provides growth-stage venture capital financing for information technology companies. We work closely to form a strong partnership with proven entrepreneurial leaders with the vision and spirit to build market-leading companies, help them to achieve scale and exit successfully. Our team of partners has extensive investing and entrepreneurial experience in multiple sectors including application software, emerging technologies, vertical software, new media, internet content, e-commerce and infrastructure software. Capital Trust Ventures is a member of the Capital Trust Group, a leading private equity and advisory firm. For additional information, visit http://www.capitaltrustventures.com.

About Overture Technologies:

Founded in 2000, Overture Technologies is the leading provider of decisioning software solutions that enable transparent, accurate and responsive lending processes for the mortgage and higher education lending industries. Overture’s customers are dedicated to providing superior mortgage underwriting, servicing and securitization services and to increasing students’ access to higher education financing alternatives. Overture’s leadership team applies decades of experience from leading financial services and technology firms including Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to help our customers achieve their goals. For further information, call (301) 492-2155 or visit http://www.overturecorp.com.

###





More Venture Capital Trusts Press Releases

Shide Crowd Funding: UPDATE n.2

/in , /by

for more info go to: www.indiegogo.com Listen the album’s preview on SoundCloud: soundcloud.com About the project Hi guys! we are Shide and we’re an indipendent italian rock band! Shide was born in 2001 and from that the line up is changed so many times…as the music genre! The present video is to ask you for something that´s vital to us! We began work on our first release album in August 2009. We´ve worked hard these past two years perfecting the sound to achieve today´s result. There are some samples we´ve embedded for you to listen just for this campaign. We’re finally ready to complete the project, but are in need of procuring additional funding to make it happen. We’ve been working in some great studio in Conversano, BA Italy with top gear, engineers and with the Michael C. Ross consulence (LA engineer producer of world famous artists like Christina Aguilera, Vanessa Carlton and many other). Our album will feature anywhere between 11 and 13 tracks (will be also two cover) of our best songs. We´ve also produced our first video that proved to be a massive amount of work we´re very proud of today. For this we must thank the guys from Basix Communication and all of our friends that gave us an hand. The result it´s amazing. Now we are ready for our official debut but we´re short on resources to print and promote our cd. What we´re asking you is to buy our cd in advance so we can put the money together to have it printed. We will be making approximately 600-1000 …
Video Rating: 5 / 5

Stop/Eject: Crowd Funding Pitch

/in , /by

Sponsor STOP/EJECT at: neiloseman.com I’ve just launched the crowd funding campaign for my new short film STOP a magical and moving fantasy-drama starring Kate Burdette (The Duchess, Page Eight). After her husband’s sudden death, a young woman discovers, in the back of a mysterious charity shop, an old tape recorder than can stop and rewind time. I need YOUR help to bring this heartbreaking story of love and loss to the screen. Donate as little or as much as you can and receive exclusive gifts, including signed posters and artwork and previously unreleased DVDs of my other films. If you’re not able to contribute, please spread the word to others who might be able to.

The purpose of this video is to provide an overview of the crowd funding campaign for Project Homophobia that ran for nine weeks from October 5th to December 10th 2011. With this video, we want to thank everyone who supported the project and helped make it happen. Find more information on Project Homophobia on projecthomophobia.com
Video Rating: 5 / 5

New Product for Apple MacBook Seeks Crowd-Source Funding

/in , /by


Birmingham , Ala. (PRWEB) February 29, 2012

A Birmingham product design firm, Red Mountain Labs, Inc., is turning to the Internet to fund a new product idea.

Kickstarter.com allows entrepreneurs to pitch a product idea, raise startup capital and validate consumers demand for their product without risking much time and money. People submit projects to Kickstarter.com for review. If selected, the project has a set time to raise a targeted budget.

Kickstarters or project supporters can pledge as little as $ 1 on up to hundreds of dollars on projects. Supporters receive products from the first production run, T-shirts, and gratitude. If the project does not raise the allotted budget in the fundraising window, all pledges are cancelled, no money changes hands and the project isnt funded.

Kickstarter funds a variety of projects including art projects. According to recent LA Times article, Kickstarter will surpass the National Endowment for the Arts by distributing $ 150 million in 2012; the NEA will distribute $ 146 million.

Weve been following Kickstarter for a while now and were excited by the success stories., said Gene Eighmy, Principal at Red Mountain Labs. I came up with the macbands idea after scratching my MacBook power adapter. Its a simple idea that people liked and seemed like a great fit to try as a Kickstarter project.

The macbands product protects the Apple Magsafe laptop power adapter and prevents it from sliding off desks and sofas. Its sleek, minimal design allows use of the existing cable guide and AC power option features and doesnt cover up the Apple logo.

Funds raised will be used to create two molds; one for the larger MacBook and MacBook Pro and a second for the smaller MacBook Air, and to purchase material. A few colors will be offered initially but the company has plans to add additional colors, animal patterns, and sports team logos. Price for the macband will retail at $ 9.99.

To learn more about the project, readers can visit the pitch page here:

http://www.kickstarter.com/projects/429632248/macbands-for-macbook-pro-and-air-power-adapters

or http://www.macbands.com

About Red Mountain Labs, Inc.

Red Mountain Labs develops technology for consumer electronics, computer, IT and medical clients and develops custom iPhone and iPad apps and hardware. http://www.redmountainlabs.com

Media contact:

Gene Eighmy

gene(at)macbands(dot)com

Phone: 205-566-1961

# # #





Shide Crowd Funding: UPDATE n.1

/in , /by

for more info go to: www.indiegogo.com About the project Hi guys! we are Shide and we’re an indipendent italian rock band! Shide was born in 2001 and from that the line up is changed so many times…as the music genre! The present video is to ask you for something that´s vital to us! We began work on our first release album in August 2009. We´ve worked hard these past two years perfecting the sound to achieve today´s result. There are some samples we´ve embedded for you to listen just for this campaign. We’re finally ready to complete the project, but are in need of procuring additional funding to make it happen. We’ve been working in some great studio in Conversano, BA Italy with top gear, engineers and with the Michael C. Ross consulence (LA engineer producer of world famous artists like Christina Aguilera, Vanessa Carlton and many other). Our album will feature anywhere between 11 and 13 tracks (will be also two cover) of our best songs. We´ve also produced our first video that proved to be a massive amount of work we´re very proud of today. For this we must thank the guys from Basix Communication and all of our friends that gave us an hand. The result it´s amazing. Now we are ready for our official debut but we´re short on resources to print and promote our cd. What we´re asking you is to buy our cd in advance so we can put the money together to have it printed. We will be making approximately 600-1000 duplications to be sold in stores, shows and used for the …
Video Rating: 5 / 5

www.nature.com Kerri Smith www.nature.com Jim Gilles 2012/01/19 Kerri Smith & Cesar Harada In October 2010, Cesar Harada found himself in New Orleans with little money and a big idea. Harada, an engineer, had been working on oil-spill mitigation at the Massachusetts Institute of Technology in Cambridge. But he quit the lab in frustration at what he saw as a slow pace of work and a focus on expensive solutions. He travelled south to join the clean-up operation for the Deepwater Horizon oil spill in the Gulf of Mexico. Once there, his mind turned to a futuristic solution: a low-cost clean-up robot that local people could build and deploy themselves. Yet his two criteria for the project — a quick build and open-source intellectual property — all but ruled out academic or industrial funding. Harada turned to Kickstarter, a website used by authors, film-makers and artists in search of project funding. He uploaded a pitch, set a goal of raising US500 and listed a series of small rewards for donors. Then he started to network furiously. Money came in from friends and engineering colleagues. A few companies heard about his idea; they pitched in several thousand dollars each. Word reached people he had never met, and they contributed too. When Harada’s funding appeal closed in April 2011, he had raised almost 000 — enough to assemble a team of engineers and build a prototype of the clean-up robot. Public interest If Harada’s experience sounds like a one-off, think again …
Video Rating: 5 / 5

Crowd Funding for Start-Ups: Will Canada Compete?

/in , /by

CATAAlliance — The Social Media paradigm is now extending to the funding of start-up companies, according to Canada’s largest high-tech organization, and Canada is in danger of falling behind the US in enabling small business to access capital. CATA has launched an advocacy Campaign to encourage provincial securities legislators to adopt approaches similar to the HR 2930 US Entrepreneur Access to Capital Act. Tech Entrepreneur, Peter Andrews, CATA Director & Regional Director, Corum Group Ltd., interviewed by CATA CEO, John Reid. For background and full details please view at this URL: www.cata.ca
Video Rating: 5 / 5

THE CONTEST! Campaign link: www.indiegogo.com Facebook: www.facebook.com Listen the album’s preview on SoundCloud: soundcloud.com About the project Hi guys! we are Shide and we’re an indipendent italian rock band! Shide was born in 2001 and from that the line up is changed so many times…as the music genre! The present video is to ask you for something that´s vital to us! We began work on our first release album in August 2009. We´ve worked hard these past two years perfecting the sound to achieve today´s result. There are some samples we´ve embedded for you to listen just for this campaign. We’re finally ready to complete the project, but are in need of procuring additional funding to make it happen. We’ve been working in some great studio in Conversano, BA Italy with top gear, engineers and with the Michael C. Ross consulence (LA engineer producer of world famous artists like Christina Aguilera, Vanessa Carlton and many other). Our album will feature anywhere between 11 and 13 tracks (will be also two cover) of our best songs. We´ve also produced our first video that proved to be a massive amount of work we´re very proud of today. For this we must thank the guys from Basix Communication and all of our friends that gave us an hand. The result it´s amazing. Now we are ready for our official debut but we´re short on resources to print and promote our cd. What we´re asking you is to buy our cd in advance so we can put the money together to have it printed. We will be …

Go Lbs Salt is Crowd Funding the Southwest's First Truffiere

/in , /by

I väntan

Image by Media Evolution

Go Lbs Salt is Crowd Funding the Southwest's First Truffiere
Due to the incredibly steep costs of starting a truffiere, the Eckburgs have turned to crowd funding to raise the necessary $ 3.5 million dollars to get their venture off the ground. We spoke with Aaron on Tuesday and he shared some insight into the …
Read more on Phoenix New Times (blog)

Crowd–Funding Industry Braces for Regulation
By EMILY CHASAN With President Barack Obama signing the JOBS act in the Rose Garden on Thursday, the clock will start ticking for the US Securities and Exchange Commission to come up with rules to regulate the nascent crowd-funding industry.
Read more on Wall Street Journal

Email Management Solution Gets Funding Boost

/in , /by


(PRWEB) March 26, 2012

KnowledgeMills OnePlace cloud and on-premise solution makes the classification of emails and documents a natural part of Outlook and Office, and gives collaborative workers a shared single file for any customer, project or legal matter without ever leaving the familiar environs of Outlook and Office. The user task of filing is reduced by over 90% through self-filing emails and intelligent tagging, and IT overhead is dramatically reduced by separating information rich business emails from disposable emails.

Founded in 2009 by content management experts from some of the worlds largest law firms, KnowledgeMills enterprise grade software can handle 10,000s of users, asynchronously filing emails to avoid performance hits, and works seamlessly with existing document management infrastructure to add effective handling of todays very high volume of information rich emails. KnowledgeMill currently partners with Oracle, EMC, Microsoft and Fujitsu to service enterprise customers.

KnowledgeMill CEO Hisham Anis said We have transformed Outlook to accommodate the fact that email is the de-facto dominant store of documents and business information for businesses today, and this funding and expansion of resources signals that we are building a world-leading business around that innovation. Its great to bring experienced venture capital providers such as Seraphim and MMC into our team he added.

The company underlined its ambitions with the appointment of Peter Norman as Executive Chairman. A veteran of British technology success stories Psion PLC and Sophos PLC, Peter said KnowledgeMill have an extraordinary opportunity to reverse the fragmentation of filing that happened with the explosion of email, by bringing into Outlook the underlying concept of single shared storage without the user compromising on flexibility or even having to consciously file 80% of their business correspondence. He added My job is to help guide them to rapidly build a world leading business from this significant product technology.

For further information, contact:

Hishram Anis on 07717 542847, hisham.anis(at)knowledgemill(dot)com

Peter Norman on 07720 291949, peter.norman(at)knowledgemill(dot)com

Notes to Editors:

About KnowledgeMill

KnowledgeMills (http://www.knowledgemill.com) OnePlace software provides a unique level of email management for collaborative workers in large and medium size enterprises. Designed to cope with todays high volume, email-centric style of working, OnePlace automatically files emails and documents in folders that are shared between users, all from within Outlook in order not to disrupt established working habits. OnePlace separates key business data from disposable emails, directly addressing the many problems of email bloat, from efficient retrieval to efficient storage and archiving.

About MMC Ventures

MMC Ventures (http://www.mmcventures.com) is an active investor, dedicated to backing entrepreneurs to create valuable companies. Founded in 2000, they currently have