Brainshark, Inc. Secures Financing in Oversubscribed Round

Jun 17, 2005

Brainshark, a provider of media communications solutions, has announced that it has completed a $6.9 million round of Series C financing. The funds will be used to grow Brainshark's position in the market, accelerate the growth of its sales force, and expand distribution channels. New investor Ticonderoga Capital was joined by previous investors 3i, Flagship Ventures, SI Ventures and Citizens Capital in this oversubscribed round. Brainshark provides Web -based applications that are designed to enable users to communicate using voice-enriched on demand presentations that can be created and viewed at each person's own schedule and convenience.