Daily News: July 7, 2014

Boston Financial Closes Lease with Emerging Growth Co

Boston Financial & Equity announced it recently closed a lease with an emerging growth company in California.

The six-year old company &mdash a developer of a new tactile user interface for touchscreen devices &mdash recently received a series B round of $13 million. The equipment leased will be used for R&D purposes and includes a plasma etching system, a CNC milling machine and a laser.

While competition is high in this space, the company has received accolades, and is about to release its product to the marketplace in the next six months. While it continues to spend $500,000 a month and is still at zero revenue, the company was able to also secure expanded availability on a current bank line.