Monday, May 12, 2008

iMove Secures $4.25M in Series B Funds

Video surveillance equipment manufacturer iMove Inc. announced Monday that it has concluded its second round of venture financing after raising some $4.25 million in funds. iMove credited technology investment firm Oxantium Ventures with leading the effort. iMove noted that Oxantium’s Drew Bewick will join iMove's board of directors as a result of Oxantium's investment. iMove also reported that it has relocated its Portland, Ore., headquarters to new, more expansive facilities within the city. The company also stated that it recently opened offices in the Washington D.C. area. Oxantium Ventures is headquartered in Washington D.C More information »