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Thursday, Jun 1, 2023

Venture Capital Firms Provide $6 Million for Software Company

Workflow software maker MESoft Inc. received $6 million in funding from two venture capital firms, the company announced. The money will allow Burbank-based MESoft to add to its management team, expand sales and marketing, and extend its product line. The funding from a group led by Peninsula Equity Partners and Sid R. Bass Associates is a new phase for the company, said MESoft Co-founder and Vice President of Technology Freddy Goeske, in a statement. MESoft software is used to store, manage and access media assets. Companies using the software include Touchstone Television, Warner Bros. Television, 20th Century Fox and Paramount Pictures.

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