Monday, June 02, 2008

Commonwealth Capital Ventures Leads $9 Million Round for First Coverage - Waltham, MA

Commonwealth Capital Ventures, a Waltham-based venture capital firm, has led a $9 million, second round of venture capital for First Coverage, a Toronto-based provider of software for the financial services industry that has its U.S. headquarters in Boston. Founded in 2005, First Coverage offers software-based tools designed to increase efficiencies and communication within the investment management process. The company commercially launched last year and now has a user base of about 300 firms worldwide.


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