Tuesday, March 29, 2016 5:02:00 AM PDT | VentureDeal
San Jose, California -- Mobile technology company Ondot Systems has secured $10 million in new venture capital funding, according to an SEC regulatory filing.
Ondot has created a suite of mobile card services that enable financial institutions to provide value-added products for their bank and credit union customers. Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds. A total of 26 investors participated in the offering. Ondot is still seeking $7 million in additional equity investment, according to the filing.
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