The Numira close was completed last week and I am sending out the press release on the Series A round of funding.

This was an interesting due diligence process as Numira made an acquisiton of Visual Influence Corp., a spinoff of the University of Utah's Scientific Computing and Imaging Institute during the due diligence process. This required a new negoatiated term sheet and valuation. In the end, the Series A financing was for a total of $2.5M, with 25 TCA members contributing $571K and the Pasadena Angels contributing to the close with 10 members for $213K. The remaining portion of the financing came from vSpring Capital, a venture firm based in Salt Lake City.

Paul A. DeRidder, MD, MBA