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Vela Systems Inc. has added $4.5 million in equity financing with an apparent inside extension to its Series A round, regulatory documents indicate.
The Burlington-based maker of mobile field administration software for the architecture, engineering and construction agencies announced in 2007 that it had closed a $6 million Series A. The second close on that fund brings Vela Systems’ Series A to $10.5 million, and its total funding to at least $11.9 million – including a $1.4 million angel round closed in 2006.
Investors include Waltham-based GrandBanks Capital and Commonwealth Capital Ventures, Lexington-based CommonAngels and Boston-based Launchpad Venture Group. Documents posted by the Securities and Exchange Commission today did not indicate any additions to the company’s group of investors.
Vela Systems, co-founded in 2005 by Josh Kanner and Adam Omansky, combines smart tags with a hosted software system for mobile devices such as Tablet PCs. The system is designed to track work orders, catalog safety inspection data and map building blueprints so contractors can run a mobile operations office from a job site.
Vela Systems officials could not immediately be reached for comment.
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