Wednesday, July 18, 2007

PacStar Secures $12.3M in Series D Financing

Pacific Star Communications, a systems integrator that provides communications equipment to businesses, governments and the U.S. military, revealed Tuesday that it has generated $12.3 million in Series D funding. The latest round came from new investors Chart Venture Partners and Steelpoint Capital Partners along with previous investors Fluke Ventures, Invest America, Benaroya Ventures, Frank Jungers and George Stroemple, who chairs PacStar's board. The company said the money will be used to increase sales in key military and civilian markets. In a related move, PacStar said Matt McCooe, Chart Venture Partners' managing partner, and Charlie Kemper, Steelpoint Capital Partners' principal, have joined PacStar's board of directors. Founded in 2000, Pacific Star Communications is headquartered in Portland, Ore. More information »