ZumoDrive Funding A Milestone For Tandem
Two weeks ago I wrote about ZumoDrive, a tiny three-year-old company whose founders had managed to get their product favorably reviewed by Walt Mossberg at the Wall Street Journal. I met them a year ago when they were just three engineers, working day and night to develop this product under a different name for a different audience, and I was impressed by their progress. The company is on a roll -- yesterday they announced a $1.5 million round of funding led by Sherpalo Ventures with participation from Tandem Entrepreneurs and Tandem's largest LP, VeriFone CEO Douglas Bergeron. The funding isn't just a milestone for ZumoDrive, but also for Tandem, a seed fund that is about the same age as ZumoDrive. (Venture Capital Journal wrote about Tandem here).
