Woburn, Mass-based OneShield Inc. closed on $6.3 million in Series C financing, which the company will use for general corporate purposes with a focus on expanding its marketing and sales initiatives. The new financing is expected to bring the company to cash-flow breakeven later this year, according to Glenn Anschutz, CEO of OneShield, Three existing investors in OneShield-Psilos Group Partners, Earlybird Ventures and Aurora Investments (an affiliate of the investment firm, Kohlberg Kravis Roberts & Co.)-participated in this round. OneShield provides technology and infrastructure to automate the sales and service of commercial and personal insurance.
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