Houlihan Smith Serves as Exclusive Advisor to Grocery Shopping Network on First Round of Financing
Grocery Shopping Network, Inc. (GSN) reported today that it has completed its series A round of venture capital funding with Houlihan Smith & Company, Inc. (Houlihan) acting as exclusive financial advisor. The $7.0 million equity financing was led by VantagePoint Venture Partners, a leading Silicon Valley venture capital firm.
Dick Andolshek, Chairman and co-founder of Grocery Shopping Network, reflected on the capital raise process: I was fortunate to know Richard Houlihan, and when I called him regarding the capital raise for GSN, Richard was accommodating as always. Houlihan Smith & Company immediately assembled a team of consummate professionals who understood our technology, market positioning, and business model. We worked directly with Bob Susskind, a Managing Director at Houlihan and benefited from his 25 years of experience in the technology sector which include stints at 3com, Palm and Nortel. The firm worked tirelessly with our team throughout the preparation and marketing process. Ultimately, Houlihans broad contact network enabled us to reach...
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