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InGrid 'C' Round Nets $13.5M

InGrid announced the closing of an additional $13.5 million in private capital from a new funding round led by Armstrong Group

July 16, 2007

1 Min Read

BERWYN, Pa. -- InGrid today announced the closing of an additional $13.5 million in private capital from a new funding round led by Armstrong Group and Associated Partners. Existing investors CenterPoint Ventures, Novak Biddle Venture Partners, PA Early Stage Partners and ZG Ventures also participated. Kirby Campbell, CEO of Armstrong Group, has been appointed to InGrid’s board of directors. The financing will be used to continue InGrid’s development and market launch of a new class of digital home protection services.

“This latest round of financing strongly positions InGrid for a successful launch of the most advanced home protection products and services available, while laying the ground work for true industry leadership,” said Louis Stilp, CEO of InGrid. “InGrid’s Digital Home Protection is the first all-digital, all-wireless technology for home and small business security, offering consumers better protection and control than existing alternatives.”

InGrid Inc.

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