The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
FUND RAISING
Database Reference: F231109-261
Business: gWallet
Web: http://www.gwallet.com
Location: USA, San Francisco, CA
Region: North America
Business description: Virtual currency platform for social media developers.
Category: Advertising: Web Technology
Contact: Gurbaksh Chahal, founder
Investors: round led by Adams Street Partners and Trinity Ventures.
Round: Round A
Amount raised: This brings total funding raised to $12.5 million.
Details: gWallet has closed its first institutional funding round.This brings total funding raised for the startup to $12.5 million. gWallet is the third startup for founder Gurbaksh Chahal. He sold ClickAgents, ValueClick for $40 million and his second venture, behavioral advertising network BlueLithium to Yahoo! in October 2007 in a $300 million transaction.
Link: Press Release
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