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"Closing a Series A in excess of $1 Million in funding during the holiday season is a timely milestone for a company building the world's first retention marketing platform for retailers" says Matt Williamson, CEO of Windsor Circle, Inc., a Durham-based technology start-up founded in 2011.
RTP-based Triangle Angel Partners (TAP) was the newest funding group to join existing investors, including Idea Fund Partners and Bruce Boehm, formerly of US Venture Partners, in Windsor Circle's Series A funding round, which includes $685,000 of funds recently raised, plus the conversion of a Convertible Note of $405,000.
"We look for seed and early-stage companies that are poised to grow, are not overly capital intensive, and have a product demonstrating success through early revenue traction" remarks Rich Harris, President of TAP, of the investment. "Windsor Circle shows great promise in all these areas." TAP's investment of over $150,000 as part of the Series A represents the fund's second investment since launching in late 2011.
For a start-up like Windsor Circle, the path to success requires more than just capital: "We were thrilled to have TAP close out the Series A - as a group of investors with backgrounds managing successful companies, the rigor of their due diligence process underscored their expertise, which is just as important as the capital they've invested" reflects Williamson.
Lister Delgado, Managing Partner at Idea Fund Partners, holds a board...