Banyan Technology Raises $7M in Strategic Growth Funding

News release excerpt provided by Yahoo Finance.

Northeast Ohio-based Banyan Technology, the transportation and logistics industry leader in live carrier connectivity, today announced the completion of a $7 million financing round.

Banyan’s latest financing will be used to fuel key product development initiatives, grow partnership and acquisition strategies, and expand marketing and industry education tools. Funding included a combination of equity, venture debt, and commercial financing with support from Cleveland-based venture development organization JumpStart Inc. and alternative lender, River SaaS Capital.

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Originally published February 28, 2017.