RFID Vendor PanGo Raises $10 Million in Series B Funding
From the press release:
Asset-tracking company
PanGo Networks Inc.
is expected to announce today [October 18, 2005] that it's raised $10
million in a Series B up round led by
Investcorp SA's
Technology Investment Group.
Joining
the Bahrain-based lead investor were previous investors
Columbia Capital
in Alexandria, Va., and
IDG Ventures Boston,
which lifted Framingham, Mass.-based PanGo's total
investment to $18.5 million. Mike Braatz, vice president
of business […]
