Tuesday, March 15, 2011

Pricelock Raises $12 Million To Protect Companies From Increasing Fuel Prices

Timely announcement from Pricelock.com as fuel prices continue to rise: the company, which offers online fuel hedging and price protection for businesses that rely on fuel to stay in business, has raised over $12 million in Series B funding. The financing comes from Barclays, RenaissanceRe Ventures and Travelers Insurance, with previous Artiman Ventures participating as well. Goldman Sachs, another earlier backer, did not participate this time around.

INTERNATIONAL GAME TECHNOLOGY INTERNATIONAL BUSINESS MACHINES (IBM) INTERDIGITAL COMMUNICATIONS INTEL INSIGHT ENTERPRISES

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