Vertical Search Engine for Electronic Components SupplyFrame Raises $7M in Funding Led by U.S. Venture Partners

Pasadena, CA (PRWEB) June 21, 2007 -- SupplyFrame, Inc. (www.supplyframe.com), a vertical search engine for electronic components, today announced $7 million in Series B funding led by U.S. Venture Partners (USVP). SupplyFrame's existing investors, Clearstone Venture Partners and Arcturus Capital, are also participating in the financing. Irwin Federman, General Partner at USVP, will join the SupplyFrame Board of Directors.

Vertical search engine for electronic components SupplyFrame will use the additional capital to continue its global expansion, increase its trusted electronic component content and scale its advertising business model.

"Hundreds of thousands of professionals have chosen SupplyFrame as their online place to make electronic component decisions," said Steve Flagg, CEO, SupplyFrame, Inc. "This funding validates our approach to deliver trusted, authorized content that instantly answers the stream of questions asked by industry decision-makers."

With direct connections to major component manufacturers and authorized distributors, SupplyFrame has created a free, trusted electronic component search engine for engineers and buyers to find authoritative information on millions of electronic components with no registration required.

"SupplyFrame has a great model to address a large vertical search opportunity in the electronics supply chain," said Irwin Federman. "SupplyFrame has a unique value proposition that is in high demand, coupled with a deep knowledge of this market and a well-defined strategy for rapid scalability, all of which are vital to lead this market."

"Consumer search has historically been successful with performance-based advertising and lead generation. SupplyFrame is delivering the same model inside the business process with performance and search-based advertising. This is an exciting change for the industry," said Jim Armstrong, Managing Director, Clearstone Ventures.

SupplyFrame continues to extend its reach in the electronic component marketplace through a rapidly increasing search volume and strategic partnerships with leading media.

Find out how the SupplyFrame electronic component search engine can transform your business by visiting www.supplyframe.com.

About U.S. Venture Partners

U.S. Venture Partners (USVP) is a leading Silicon Valley-based venture capital firm dedicated to helping entrepreneurs build world-class companies that are leaders in their industry. USVP focuses on early stage opportunities in sectors where the Partners have the domain expertise, operating experience and network of relationships to provide meaningful contribution to the success of the enterprise. These sectors include digital communications and networking systems, Internet and eCommerce structure, semiconductors and optical components, enterprise and technical software, and medical devices and biopharmaceuticals.

About Clearstone Venture Partners

Clearstone Venture Partners provides venture capital for technology innovators. With offices in Santa Monica and Menlo Park, California, Clearstone has $650 million of committed capital to invest across the horizon of technology markets including software, enterprise infrastructure, storage, communications, security, wireless, semiconductors, advanced optics and both consumer & business Internet. The firm's investors include investment entities of JP Morgan, CalPERS, CalSTERS, Goldman Sachs, Merrill Lynch, MIT, and The State of Michigan. Clearstone has a proven history of leadership in financing and building high-growth technology start-ups having backed segment-leading companies including PayPal, United Online, Overture, and PeopleSupport.

About SupplyFrame, Inc.

SupplyFrame speeds the decision making of buyers and engineers with fast access to trusted, authorized information about millions of electronic components. The SupplyFrame electronic component search engine delivers information and tools to people who rely on up-to-date pricing, availability, sources, datasheets, and electronic component cross references. Component information is available at www.supplyframe.com.

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