Foley Hoag Congratulates OwnerIQ for Closing Series B Round

Boston, MA - June 25, 2008

Foley Hoag congratulates OwnerIQ for recently securing $6 million in its Series B financing.  The round was led by Boston-based Egan-Managed Capital and also included existing investors including Atlas Ventures of Waltham, CommonAngels of Lexington and the Massachusetts Technology Development Corporation.

The company received $2 million in Series A funding in June 2007.  Boston-based OwnerIQ develops Web sites that bring together product support information for various consumer products.  Foley Hoag partners Arlene Bender, Peter Rosenblum and associate Kevin Nolan handled the transaction.

About Foley Hoag LLP

Foley Hoag LLP is a leading national law firm in the areas of dispute resolution, intellectual property, and corporate transactions for emerging, middle-market, and large-cap companies. With a deep understanding of clients’ strategic priorities, operational imperatives, and marketplace realities, the firm helps companies in the biopharma, high technology, energy technology, financial services and manufacturing sectors gain competitive advantage. 250 lawyers located in Boston, Washington, and the Emerging Enterprise Center in Waltham, Massachusetts join with a network of Lex Mundi law firms to provide global support for clients’ largest challenges and opportunities. For more information visit www.foleyhoag.com.

CATEGORIES

Venture Capital & Emerging Companies, Business, Corporate Finance and Securities