Corefino Gets New VC Backer (Sort Of)
Last month we wrote about Corefino, an outsourced accounting company that was heading toward a divorce with its venture capitalists. And, like with most splits, each side blamed the other (CEO felt VCs didn’t understand the biz, VCs felt CEO couldn’t run lean enough ship). Now we have resolution. The company today will announce that most of its assets have been acquired by a group of private investors led by Virginia Turezyn, a former venture capitalist with American Capital Strategies, Constellation Ventures and Infinity Capital. Also participating is Corefino CEO Karen Watts and Renee Courington, founder of IT support company All Covered. Both Turezyn and Courington will join the Corefino management team.
10 May 2010•1 min read
