Wednesday, August 6, 2008

Five Star Painting Gets $300K

Sprinville, Utah-based Five Star Painting, a provider of call center support and estimating software for commercial painting franchisees, has scored $300K in an investment. According to InnoVentures Capital Partners, which provided the funding, the deal also included equity funding from the Utah Angels. Details on the form of funding for Five Star Painting was not disclosed, however, Innoventures Capital usually provides subordinated debt to businesses.\r\n