(June 23, 2011, Boston, MA) - Sheehan Phinney lawyers recently represented Crimson Hexagon (www.crimsonhexagon.com), a social intelligence company in the vanguard of social media monitoring and analysis, in completing its $5 million Series B preferred stock financing. A private investor led the financing, with participation by existing stockholders as well. The Series B funding will be used to support accelerated product development as well as Crimson Hexagon's rapid subscription growth within the media, financial services, public affairs, health and life science sectors.
Leading the transaction for Sheehan Phinney was Alexander H. Pyle, a shareholder and Head of the firm's Boston Office. He is a corporate attorney with extensive experience representing established and emerging businesses in commercial and strategic transactions. His practice includes representation of companies, as well as their founders, investors and executives. Pyle has particular expertise in representing software, communications, consulting, life science and other technology-based businesses, both public and private, and also advises more traditional business enterprises. He is a co-author of the book Raising Capital for the Emerging Business.
Funded by a series of angel investments led by the Golden Seeds investors' group, Crimson Hexagon was founded in 2007. The social intelligence pioneer delivers real-time analysis of how engaged customers communicate their thoughts and intentions online, using a language-agnostic algorithm and a multi-year trending database that adds over one billion social media posts each week. The company was recently named by Fast Company as one of the Top 10 Most Innovative Companies on the Web.
About the Firm
Sheehan Phinney is a full service business law firm representing local, national and international clients with innovative approaches and practical solutions. Founded in 1937, Sheehan Phinney has grown to 63 attorneys with four offices throughout New Hampshire and Massachusetts and is known for professional excellence, practical counsel and commitment to both its clients and the communities it serves. Sheehan Phinney is the exclusive member in New Hampshire of Lex Mundi, the world's leading association of premier independent law firms. |
