(December 23, 2010, Boston, MA) – Sheehan Phinney lawyers recently represented NetProspex Inc. (www.netprospex.com), a Waltham MA based company, in its securing of $5.5 million in venture financing. This was NetProspex’s second round of financing, bringing their total investment to $7.5 million to date. The lead investor in the financing was Edison Ventures; existing investors also participated.
Leading the transaction for Sheehan Phinney was Alexander H. Pyle, a shareholder and Head of the firm’s Boston Office. He is a corporate attorney with extensive experience representing established and emerging businesses in commercial and strategic transactions. His practice includes representation of companies, as well as their founders, investors and executives. Pyle has particular expertise in representing software, communications, consulting, life science and other technology-based businesses, both public and private, and also advises more traditional business enterprises. He is a co-author of the book Raising Capital for the Emerging Business.
Founded in 2006, NetProspex is a Data as a Service (Daas) provider that helps B-to-B sales and marketing decision makers find, reach, and connect with nearly 16 million sales prospects. Their verified, user-contributed business database lets users leverage existing contacts to replenish their prospect list and expand their sales pipeline.