Thursday, March 25, 2010

ICanBuy Gets Series A Funding

Santa Ana-based ICanBuy, which develops online tools for helping consumers determine what they can afford on their mortgage, said this week that it has raised a Series A funding round. Financial terms of the investment were not disclosed. The firm said the funding came from high tech execs Vahid Manian and Massoud Dabir. Manian was most recently SVP Global Manufacturing Operations at Broadcom; Dabir is President/CEO of semiconductor firm DTEC. ICanBuy is headed by Alex Aydin, who took ProStor IPO in the 90's, and eventually sold the firm to Sun Microsystems. ICanBuy develops a "mortgage match" widget which helps home buyers determine what they can afford in terms of home prices, and also what the best mortgage rates are for that buyer. The firm said it will use the funding to expand marketing and sales efforts at the company. More information »

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