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FolioDynamix Clears New Expansion Funding

Friday, August 08, 2008 5:56:00 AM PDT | VentureDeal Staff

New York, New York --  Financial services company FolioDynamics announced that it has received $7.5 million in a new round of expansion financing.

FolioDynamics provides financial service solutions to support Unified Managed Accounts, Separately Managed Accounts and other accounts serviced by the managed account industry.

Edison Venture Fund made the entire investment.  The company said the proceeds from the funding would be used to enhance its sales and marketing efforts and complete an acquisition.

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