Ferndale, WA (PRWEB) January 29, 2007
"We've experienced significant growth in our business over the past several years and made tremendous strides in providing world-class financial products to the building materials and supply industry," said Bond Isaacson, chief executive officer of BlueTarp Financial. "We are thrilled to welcome Trinity Ventures to our investor team and look forward to working with all of our investors as we continue our rapid growth."
BlueTarp Financial provides commercial trade credit services to more than 550 building material stores and 12,500 contractors across the United States. Over the past year, the company has signed a partnership agreement to offer a private label credit product with CCA Global Partners, as well as grown the base business significantly by adding over 100 dealer locations in 2006.
"We were impressed with significant traction BlueTarp Financial has achieved in the building materials and supply industry over the past year," said Noel Fenton, general partner, Trinity Ventures. "This traction, along with the strong management team at the company, well positions the company to build on its past successes and achieve significant growth. We are pleased to join Highland Capital Partners, IDG Ventures and Village Ventures in this follow-on round."
BlueTarp Financial handles every aspect of a dealer's trade credit. This includes credit extension, invoicing and collections which frees up time allowing the dealer to focus on growing their business. BlueTarp dealers benefit from increased cash flow, reduced back office work and a healthier bottom line. Additionally, BlueTarp contractors enjoy a valuable rewards program that allows them to earn points with every purchase and view detailed data about their purchases via online reporting.
About BlueTarp Financial, Inc.
BlueTarp Financial, headquartered in Charlotte, North Carolina, and with operations in Portland, Maine, provides commercial trade credit services to more than 550 building material stores and 12,500 contractors across the United States. BlueTarp dealers benefit from increased cash flow, reduced back office work and a healthier bottom line. For more, see http://www.bluetarp.com.
About Trinity Ventures
Trinity Ventures, a 20 year veteran in the venture business with more than $1 billion under management, partners with exceptional entrepreneurs to build great companies. Trinity Ventures focuses on early-stage technology investment opportunities with a particular emphasis on the Digital Media, Internet Services, Mobility, Security and Software markets. Trinity has invested in well over 100 ventures, including such leading companies as Blue Nile (NASDAQ: NILE), Crescendo Communications, Extreme Networks (NASDAQ: EXTR), Forte Software, Illustra, LoopNet (NASDAQ: LOOP), Speedera Networks, Starbucks (NASDAQ: SBUX) and Sygate.