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Boston Financial & Equity Closes $500K Lease for Emerging Growth Co.

July 08, 2014, 06:00 AM

Boston Financial & Equity Corporation recently closed a lease with an emerging growth company in California. This six year old company has recently received a series B round of $13 million.

The company has developed a new tactile user interface for touch screen devices. According to the press release, while there is a lot of competition in this space, the company has received accolades, positive press and is about to release their product to the market place in the next six months. While they are still burning $500k a month and are still zero revenue, they were also able to secure expanded availability on their current bank line. 

The equipment leased will be used for R&D purposes and includes a plasma etching system, a CNC milling machine and a Laser.

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