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FolioDynamix Nabs $16 Million Venture Capital Funding

Thursday, December 23, 2010 5:30:00 AM PDT | VentureDeal Staff
   New York, New York  --  Financial services software company FolioDynamix has secured $16 million in new venture capital investment, according to a company statement.

FolioDynamix provides software to financial institutions to help them manage their customer's accounts.

ABS Capital Partners led the round, which included other undisclosed investors.

The company said it would use the funds to invest in their sales and marketing initiatives.

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