BidPal Network, an Indianapolis-based company that provides handheld devices to wirelessly automate auction bidding, donations and payments for charitable fundraisers, has raised $5.6m in Series B funding.
The round was co-led by MK Capital and Allos Ventures.
The company intends to use the funds to expand to new markets.
Led by Chairman and CEO Scott Webber, BidPal recently launched a full event management software platform called myBidPal Planner Proā¢, which enables non-profits to plan and manage their auctions and donors before and after events. and a fully integrated, secure payment processing solution.
BidPal is currently available in the Atlanta, Boston, Chicago, Cincinnati, DallasāFort Worth, Indianapolis, Los Angeles, Louisville, Miami, Minneapolis, Naples, New York, Orlando, Philadelphia, Raleigh, San Diego, San Francisco, Tampa, and Washington, D.C., markets, and plans to expand into all major U.S. markets by the end of 2012.
FinSMEs
30/09/2011