X

GlobeRanger receives $9.7 million

Wireless supply-chain software company GlobeRanger has raised $9.7 million in a second round of funding led by Ho2 Partners, the company announced Wednesday. Also participating was Sevin Rosen Funds, CenterPoint Ventures and Marsh & McLennan Capital. Richardson, Texas-based GlobeRanger has raised a total of $20.5 million. The company plans to use the money on sales and marketing efforts and to expand distribution and development. GlobeRanger combines supply-chain management software with wireless technology for real-time delivery of information to clients.