SAN FRANCISCO, March 12, 2010 — ThinkEquity LLC– A Panmure Gordon Company, a leading investment banking boutique focused on growth companies and their investors, is pleased to announce the closing of a $32.25 million private placement of Series F Preferred Stock for XOOM Corporation.
ThinkEquity LLC acted as the Sole Placement Agent for XOOM in this transaction. Led by an international mutual fund, a syndicate of four institutional investors joined existing sponsors NEA and DAG Ventures in providing the financing, which will be used to expand XOOM’s rapidly growing international operations.
XOOM is an online international money transfer service. The Company offers a fast, secure and inexpensive means to send money via its website to recipients in more than 30 countries, including Argentina, Brazil, Columbia, Costa Rica the Dominican Republic, India, Mexico, the Philippines and throughout the EU. Recipients do not need a back account or an Internet connection to receive funds. Senders can fund their money transfer with a credit card, debit card or a bank account, and recipients can collect funds within minutes.
Privately-held, XOOM is backed by venture capital firms Sequoia Capital, New Enterprise Associates, SVB Capital, and Volition Capital and was recently recognized by the Inter-American Dialogue as the best company for sending money to Latin America.
Group Communications and Investor Relations Director
T: +44 20 7614 8333