Mobile Shop raises money for its mobile-tool carrier business
The Mobile Shop Company is raising a $4.25 million round to finance its business of making mobile tool carriers. The Columbus, Ohio,-based company has already secured $1.75 million of the found from investors. The company announced in May that Hillcrest Management is a new investor. Others include Edward Guirlinger, James Marable, and RMMC Mobile Shop Co. LLC.
The second round of funding will help the company add 16 offices through North America and finance further research and development, said Marable, who is chief financial officer of The Mobile Shop Company. The company has 15 employees and was founded in 2004. Previously, it raised money from angels.
The tool carriers have been in production for two years.
Next Story: Tigo Energy raises $6M for solar panel boost
Previous Story: MC Hammer offers entrepreneurial advice to Intel Capital’s CEOs
About the Author, Dean Takahashi
Dean is lead writer for GamesBeat at VentureBeat. He covers video games, security, chips and a variety of other subjects. Dean previously worked at the San Jose Mercury News, the Wall Street Journal, the Red Herring, the Los Angeles Times, the Orange County Register and the Dallas Times Herald. He is the author of two books, Opening the Xbox and the Xbox 360 Uncloaked. Follow him on Twitter at @deantak, and follow VentureBeat on Twitter at @venturebeat.