Thursday, January 31, 2008

Allegro Gets Funding Round

Dallas-based Allegro, a developer of energy trading and risk management software, said Thursday that the firm has raised a first institutional round of funding. The round came from North Bridge Growth equity and Tudor Ventures. Financial terms of the investment were not disclosed. Mike Pehl of North Bridge and Rick Ganong of Tudor will join the firm's board of directors. Allegro's software is used by energy and trading companies to manage their energy commodities trading. More information »