Thursday, June 2, 2011

Santa Barbara Investor Puts $4M Into Mindflash

The Investment Group of Santa Barbara, a venture capital investment group based in Santa Barbara, has invested $4M in funding for a developer of a web-based cloud training software firm, Mindflash, Mindflash said today. Mindflash, which is based in Palo Alto, offers a site which helps companies create online training courses. The firm said that the Investment Group of Santa Barbara also led its prior $5M funding, which closed in December 2009. The firm is led by Donna Wells, the former CMO of Mint.com. Mindflash was originally based in Santa Barbara, but moved to Palo Alto when the firm hired Wells as CEO. More information »

---