News: Portfolio 2007

E-Duction Secures $7.5 Million in Funding

 

Latest Round of Financing is Strong Endorsement of E-Duction’s Achievements to Date and will Accelerate Company’s Future Growth

 

Blue Bell, PA – May 25, 2007 – E-Duction, Inc., the leading employment-based financial services firm providing guaranteed-issue, reasonably-priced credit solutions that help employers, employees, health plans and banks work together to create best-in-class consumer-directed healthcare programs, announced today that it has secured $7.5 million in Series B financing, which will be used towards benefits broker and consultant sales outreach, continued product development, and operations. A strong list of new and existing investors including Apex Venture Partners, Inter-Atlantic Group, Novitas Capital, RRE Ventures, Total Technology Ventures, and others have invested in the current round.