Bond Isaacson -BlueTarp gets $14M in financing

BlueTarp Inc., a provider of credit for building contractors, has closed on a $14 million round of venture capital funding.
Highland Capital Partners Inc. and IDG Ventures, both of Massachusetts, led the financing round.
BlueTarp moved its headquarters to Charlotte from Maine this month.
BlueTarp Chief Executive Bond Isaacson says the funding will be used to expand the company’s services and bring its credit and administrative functions in-house. The company has outsourced both operations.
Bond Isaacson says the company also plans to open a call center in Portland, Maine, that will eventually employ more than 100 customer-service workers.
The company has 12 employees and expects to hire 25 more this year.

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