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Tech Industry

mPower attracts $7.8 million

mPower announced that it has raised $7.8 million in its most recent financing round. Previous investor Capital Z Financial Services Fund led the round along with other past investors such as Norwest Venture Partners, Allegis Capital and Northwestern Mutual. All four companies contributed to mPower's $36 million round in January 2001, which was led by Reuters Group. The online investment advice provider will use the funding for expansion and to introduce new products.

    mPower announced that it has raised $7.8 million in its most recent financing round. Previous investor Capital Z Financial Services Fund led the round along with other past investors such as Norwest Venture Partners, Allegis Capital and Northwestern Mutual. All four companies contributed to mPower's $36 million round in January 2001, which was led by Reuters Group. The online investment advice provider will use the funding for expansion and to introduce new products.