New Atlantic Ventures leads $4.5 mln round for Bambeco

Bambeco said Monday that it has raised $4.5 million in funding. New Atlantic Ventures led the round with participation from Maryland Venture Fund and "environmentally conscious angel investors," which include Bruce Cleland, founder of Team in Training. In conjunction with the funding, Thanasis Delistathis, co-founder and managing partner at New Atlantic Ventures, will join Bambeco’s board of directors. Also, the company has named Deborah Baldini as chief creative officer. Based in Baltimore, Bambeco is a home furnishings and décor company for the eco-conscious consumer.

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