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Faraday Sees New Venture Capital Financing

Tuesday, May 24, 2016 5:19:00 AM PDT | VentureDeal



Middlebury, Vermont  --  Software developer Faraday has landed $2.5 million in new equity venture capital investment, according to an SEC regulatory filing.

Faraday has created an "audience management platform" that enables businesses to utilize a variety of data sources and predictive analytics to build high-quality direct marketing lists.

Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

A total of 17 investors participated in the offering.

Faraday is still seeking $29,000 in additional financing, according to the filing.

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