Spongecell, LLC announced that it expects to receive $10 million in funding.
January 27, 2012 at 09:30 am IST
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Spongecell, LLC announced that it will raise $10,000,000 in an equity round of funding on January 27, 2012. The company will issue equity securities to one investor pursuant to Regulation D of the Securities Act.
Safeguard Scientifics, Inc. is a provider of capital and relevant expertise to technology-driven businesses. The Company offers strategic, operational and management support to certain of its ownership interests, which include defining short and long-term strategic goals; identifying and planning for the critical success factors to reach these goals; identifying and addressing the challenges and operational improvements required to achieve the critical success factors and, ultimately, the strategic goals; identifying and implementing the business measurements that the Company and others are apply to measure a companyâs success; and identifying sources of and providing capital to drive growth. It also continues to hold relatively small equity interests in other enterprises where it does not exert significant influence and do not participate in management activities. The Company's subsidiaries include Bonfield VII, Ltd., Safeguard Delaware, Inc., SFE Properties, Inc., and others.
SAFEGUARD SCIENTIFICS, INC. 
