BURLINGTON, MA - November 1, 2007 - HubCast announced today that it has closed a Series 'A' round of funding totaling $8.1 million. The financing round was led by two firms: Commonwealth Capital Partners (Waltham, MA) and Ascent Venture Partners (Boston, MA). This round of funding will help HubCast accelerate the expansion of its global print capabilities while continuing to add subscribers. Aggressive investments in R&D and operations will enhance product development and accelerate the company's already rapid growth.
HubCast Quote
Toby LaVigne, CEO and founder states, "This event marks an important milestone for HubCast. We are excited to have the support of two great partners. HubCast synchronizes a world of print through a network of some of the greatest on demand offset and digital printing companies around the globe. Our web based software interface allows graphic professionals to submit print orders for production anywhere in the world, often overnight or even the same day."
VC Quotes
"The printing industry is moving rapidly to support the changing print supply chain needs of today's corporate marketers. We believe HubCast technology can play a vital role in helping print company owners position themselves for continued success," stated Michael Fitzgerald of Commonwealth VC.
Matt Fates of Ascent Venture Partner states, "Commercial print is one of the largest industries around the globe. With recent developments and modern technology, it just makes sense that you should be able to print what, where and when you want to."