Tuesday, December 14, 2010

OVP Leads Investment In Mobile Router Firm

Kirkland, Washington-based OVP Venture Partners is the lead investor in a developer of 4G/3G routers, CradlePoint Technology. According to CradlePoint today, OVP, in an investment headed by Gerry Langeler, has led a $7.5M, Series B funding round in the firm. CradlePoint is based in Boise, Idaho. OVP was joined by Highway 12 Ventures, and existing investor in CradlePoint, in the new financing round. Langeler joins CradlePoint's board along with the funding. More information »