Amount$41M
SeriesVenture Round
AnnouncedNov 1, 2009
SectorEnterprise Software
RegionUnited States
Solid
A solid round with healthy fundamentals.
Round size vs peers
Larger than the typical Venture Round round (2.1×).
Syndicate size
Single investor — limited external validation.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Backed by established, high-track-record investors.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Venture Round rounds (110)
Round size distribution63th pct
smaller Venture Round roundslarger
vs. Enterprise Software (50)
Round size in sector74th pct
$55Kthis round: $41M$100M
