JumpStart Inc., a Northeast Ohio venture development organization that accelerates the progress of high growth early-stage businesses, announced an investment commitment of $200,000 in iGuiders, Inc.
iGuiders, a Cleveland-based information technology company that is developing a guided decision technology for the Internet that simplifies complicated searches through the use of question and answer logic, has been a JumpStart Ventures portfolio company since it received an initial investment commitment of $275,000 from JumpStart in February of this year.
Commenting on the funding, Jodi Marchewitz, iGuiders‘ founder, said: “The additional investment will be used for business development, marketing and revenue-generating activities, including pursuing large strategic partnerships.
“We will also continue to optimize the Guider technology and focus on customer support initiatives”.
This is JumpStart‘s 53rd investment in its 40th company.
FinSMEs
24/09/2009