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FinancialCAD raises $3.8 million

FinancialCAD has raised $3.8 million through a private placement. The 11-year-old privately held company has sought the funding as it gears up for an IPO, said David Glassco, chief executive officer. Vancouver, British Columbia-based FinancialCAD licenses software, in addition to offering a service, that provides information on valuations of financial instruments such as bonds and futures contracts.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
FinancialCAD has raised $3.8 million through a private placement. The 11-year-old privately held company has sought the funding as it gears up for an IPO, said David Glassco, chief executive officer. Vancouver, British Columbia-based licenses software, in addition to offering a service, that provides information on valuations of financial instruments such as bonds and futures contracts.