{"id":209,"date":"2003-06-06T00:00:00","date_gmt":"2003-06-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"bluetarp-receives-venture-funding","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2003\/bluetarp-receives-venture-funding.html","title":{"rendered":"BlueTarp receives venture funding"},"content":{"rendered":"<p>BlueTarp, which provides credit- and purchase-card programs in the building materials industry, has received a new investment of $1.75 million from three venture capital funds.<\/p>\n<p>  The money for the Portland-based company&#8217;s third round of funding comes from CEI Ventures and the Small Enterprise Growth Fund, both of Maine, and Village Ventures of Williamstown, Mass.<\/p>\n<p>  The new investment will be used to increase sales and marketing efforts to building material dealers and to enhance BlueTarp&#8217;s Web- based invoice delivery and job-costing tools for builders.<\/p>\n<p>  Mark Kaplan, the vice president of CEI Ventures, will join the BlueTarp board of directors. The Small Enterprise Growth Fund will participate in a nonvoting, advisory capacity.<\/p>\n<p>  BlueTarp was founded in 1998, received its first round of funding in June 2000 and brought in a second round two years later. It provides trade-credit services to lumberyards and building material  dealers in 22 states.<\/p>\n<p>  CEI Ventures is a wholly owned subsidiary of Coastal Enterprises Inc. The Small Enterprise Growth Fund was created by the Legislature in 1995 to provide Maine companies and entrepreneurs with a  source of venture capital. The fund is an $8 million revolving fund, seeded through a combination of state bond proceeds and direct appropriations by the Legislature.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlueTarp, which provides credit- and purchase-card programs in the building materials industry, has received a new investment of $1.75 million from three venture capital funds. The money for the Portland-based company&#8217;s third round of funding comes from CEI Ventures and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-209","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=209"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/209\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}