Currensee: Meet the New Boss – Same as the Old Boss

Update, 10:08 a.m.: Currensee just called to clarify that Lemont has been interim CEO since roughly December, when he came on as the new company’s first chief executive. He accepted the formal CEO role July 15.

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Currensee Inc. announced this morning that the company has appointed Dave Lemont as CEO.

The timing was a little odd, because Lemont has been serving as CEO of the Boston-based company since at least February, when Mass High Tech was the first news outlet to report the company’s existence.

The company, founded in May, 2008 as Tradual Inc., provides an online network for social trading on the foreign exchange markets, allowing forex traders to anonymously share trade data.

Currensee is funded with a $4 million Series A round from Waltham-based North Bridge Venture Partners. Its product is in a closed beta testing phase. The company now reports the beta version of the site is conducting over $100 million in trading volume and more than 10,000 transactions a month.

Lemont was previously CEO at AppIQ Inc. The Burlington-based maker of data storage software was sold to HP in 2005 for undisclosed terms.

In today’s press release, North Bridge general partner Jeffrey Beir cited Lemont’s performance at several North Bridge portfolio companies over the past 15 years.

Posted by Galen Moore

Tags: Currensee, Dave Lemont, forex, North Bridge

This entry was posted on Monday, July 27th, 2009 at 8:23 am and is filed under Financial Services, IT, Internet. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.