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Article: Global Locate Closes 2nd Round With $12 Million; Firsthand Funds Leads Round, Joined by GC Investments, LLC.
- Article from:
- Business Wire
- Article date:
- October 23, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 23, 2001
Global Locate, Inc., a creator of Assisted-GPS (A-GPS) technology for wireless devices and networks, announced today that it has closed its $12 million second round of financing.
The round was led by Firsthand Capital Management, Inc., and joined by GC Investments, LLC, along with the other first-round investors. The second round brings the total investment in Global Locate to approximately $22 million.
Global Locate Chairman and Chief Executive Officer Scott D. Pomerantz said the funds from Firsthand and GC Investments demonstrate tangible confidence not only in Global ...