Los Angeles – Passenger, a developer of social network
products for businesses, announced on Wednesday that it has closed a new $7.5
million round of venture capital financing.
Dr. Bahram Nour-Omid, a partner at
Shelter Capital, led the investment round and has also been appointed CEO of
Previous backers Shelter Capital Partners, StarVest Partners and
Steamboat Ventures also participated.
Los Angeles-based Passenger’s social
technology products power private online communities for brands including
Mercedes, Microsoft, Fox and JC Penney.
The new funds will be used to