Financial software startup Mantara raises $5.8M
Mantara provides software to financial institutions, to help them track complex sets of market data in real time. The Jersey City, New Jersey company is of Australian origin, and has previously received funding from Australian and Silicon Valley investors.
It has gone back to the funding trough, we’ve learned, raising a $5.8 million round from Silicon Valley venture stalwart Mohr Davidow Ventures, along with Australian firms Southern Cross Venture Partners Management (which recently opened an office in Palo Alto), CM Capital Investments, and Tivsco.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.