new version available

Newsletter Sign Up

Please enter your email to receive FREE venture capital and private equity special offers, news, and information!

Your Name: 

Your Email:  

bookmark us

06/21/2007

SupplyFrame Raises $7 Million in Venture capital Funding

 

SupplyFrame, Inc., a vertical search engine for electronic components, recently announced $7 million in Series B funding led by U.S. Venture Partners (USVP).

SupplyFrame's existing investors, Clearstone Venture Partners and Arcturus Capital, are also participating in the financing. Irwin Federman, General Partner at USVP, will join the SupplyFrame Board of Directors.

SupplyFrame will use the additional capital to continue its global expansion, increase its trusted electronic component content and scale its advertising business model.

“Hundreds of thousands of professionals have chosen SupplyFrame as their on-line place to make electronic component decisions,” said Steve Flagg, CEO, SupplyFrame, Inc. “This funding validates our approach to deliver trusted, authorized content that instantly answers the stream of questions asked by industry decision-makers.”

With direct connections to major component manufacturers and authorized distributors, SupplyFrame has created a free, trusted source for engineers and buyers to find authoritative information on millions of electronic components with no registration required.

“SupplyFrame has a great model to address a large vertical search opportunity in the electronics supply chain,” said Irwin Federman. “SupplyFrame has a unique value proposition that is in high demand, coupled with a deep knowledge of this market and a well-defined strategy for rapid scalability, all of which are vital to lead this market.”

“Consumer search has historically been successful with performance-based advertising and lead generation. SupplyFrame is delivering the same model inside the business process with performance and search-based advertising. This is an exciting change for the industry,” said Jim Armstrong, Managing Director, Clearstone Ventures.

SupplyFrame speeds the decision making of buyers and engineers with fast access to trusted, authorized information about millions of electronic components. The SupplyFrame electronic component search engine delivers information and tools to people who rely on up-to-date pricing, availability, sources, datasheets, and electronic component cross references.

For more information, please visit www.supplyframe.com