Monday, January 12, 2009

Trilogy, Ignition Back Finance Software Firm

Bellevue-based venture firms Trilogy Partners and Ignition Partners have both backed a startup developing foreign exchange exposure management software, according to the firm, FIREapps. The company--which is based in Arizona--said that it has raised $8.75M in a new funding, including $7.5M in a venture capital round from Trilogy Equity Partners and Ignition Partners. Trilogy's Charles Stonecipher has joined the firm's board along with the funding; Ignition Partners John Connors is already on the board. Silicon Valley Bank is providing the loan portion of the funding.