Dynamics Inc., a producer of intelligent powered cards such as advanced payment cards, closed an initial, oversubscribed $5.7m Series A round of financing led by the venture capital firm Adams Capital Management.
Joel Adams, founder and general partner of Adams Capital Management, will join the Dynamics’ board of directors.
Commenting on the funding, Jeff Mullen, CEO of Dynamics, said: “Adams Capital Management is an experienced investor, and a great partner in this first round of funding.
“Their support and guidance will be an important asset as we continue to evolve as a company”.
The company, founded in 2007, is based in Pittsburgh, PA. and has an office in Silicon Valley (Cupertino), CA.