WORLDCHAIN GARNERS $32 MILLION IN SECOND ROUND OF FUNDING
WorldChain Inc., the Fremont, Calif.-based company which provides network supply chain solutions across multiple company environments, has completed a $32-million second-round of funding, led by Thomas Weisel Capital Partners L.P.
Additional investors include Sequoia Capital, the Valent Group and the Mentor Capital Group. First-round investors Bessemer Venture Partners, Advanced Technology Ventures, Ridgewood Capital and Comdisco Inc. also participated in the round.
WorldChain will use the financing to accelerate product development and to expand sales and marketing of the company's Real-time Partner Manager platform, a Web-based hosted solution which the company said enables network supply chain integration, automation and collaboration.