Bond Isaacson: BlueTarp secures $18.5M in financing

BlueTarp Financial Inc. has secured $18.5 million from a California company in venture-capital financing.
BlueTarp, based in Charlotte, provides commercial trade credit services to more than 550 building material stores and 12,500 contractors across the United States.
Trinity Ventures led the investment with participation from existing investors, Highland Capital Partners, IDG Ventures Boston and Village Ventures.
“We’ve experienced significant growth in our business over the past several years and made tremendous strides in providing world-class financial products to the building-materials and supply industry,” says Bond Isaacson, chief executive of BlueTarp. “We are thrilled to welcome Trinity Ventures to our investor team and look forward to working with all of our investors as we continue our rapid growth.”
Noel Fenton, a general partner with Trinity Ventures, will join BlueTarp’s board.
California-based Trinity Ventures, with more than $1 billion under management, has invested in more than 100 ventures.

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