ShotSpotter, Inc. Raises $7.5M in Series D Equity Financing

The Westly Group Leads Expansion Round, Joined by Norwest Ventures Partners (NVP), Broidy Capital Management, Labrador Ventures, Levensohn Venture Partners, and Claremont Creek Ventures MOUNTAIN VIEW, Calif., June 17, 2008-- ShotSpotter, Inc., the world leader in gunshot location systems (GLS) and technology for public safety and the military, announced the recent closing of equity financing totaling $7.5 million. The company will use this expansion capital to further solidify the dominance of its flagship product, the ShotSpotter GLS, in both the U.S. domestic public safety and military markets and to accelerate market expansion internationally. The funds will also be used for strategic purposes. The Westly Group of Menlo Park, CA, led the round, joined by Norwest Venture Partners (NVP) of Palo Alto, CA. and Broidy Capital... [read full story]