SupplyFrame Search Engine, Secures Venture Capital Funding

SupplyFrame Search Engine, Secures Venture Capital Funding

Pasadena, California - June 26, 2007 - SupplyFrame vertical search engine developed for electronic components, has raised $7 million in funding, led by U.S. venture partners. Existing investors, Clearstone Venture Partners and Arcturus Capital, are also participating in the financing.

In addition, Irwin Federman, General Partner at USVP, will join the SupplyFrame Board of Directors. The vertical search engine will use the additional capital to continue its global expansion, increase its trusted electronic component content and scale its advertising business model.

Steve Flagg, CEO, SupplyFrame, Inc. remarked, ''Hundreds of thousands of professionals have chosen SupplyFrame as their online place to make electronic component decisions. 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.

Mr. Federman added, ''SupplyFrame has a great model to address a large vertical search opportunity in the electronics supply chain. 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.''

Jim Armstrong, Managing Director, Clearstone Ventures offered, ''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.''

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

U.S. Venture Partners (USVP) is a 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. Sectors include digital communications and networking systems, Internet and eCommerce structure, semiconductors and optical components, enterprise and technical software, and medical devices and biopharmaceuticals.

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 and 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.

The SupplyFrame electronic component search engine endeavors to deliver information and tools with up-to-date pricing, availability, sources, datasheets, and electronic component cross references.