Accounting network iShade.com secures venture capital funding
iShade.com, the free online network for the accounting profession, has secured venture capital funding from Computime Equity Ventures (CEV). Terms of the transaction were not disclosed. Currently in beta, iShade.com will launch to the entire accounting vertical on May 24, 2011.
iShade CEO Jeffrey Pawlow said: "We are very excited about our partnership with CEV and the imminent launch of the iShade portal. We've created a comprehensive `professional ecosystem' for those in and around the accounting profession and are excited to see the site come to life. iShade will provide a platform for those in the accounting profession to interact, collaborate, network, share, research and learn."
"We are always looking to add companies to our investment portfolio that show significant prospects for growth and profitability." Said Joshua Levey, CEO of Computime Equity Ventures. "iShade really fills a space at the convergence of the emerging fields of SAAS, niched-based social and professional networks, and online continuing education. It represents exactly what we look for in terms of our investment philosophy."
To signup for an advance look at the new portal, create a free account on the beta site at: http://beta.ishade.com/member/signup/.