Tech Company Financing Transactions
SpringCM Funding Round
SpringCM, based in Chicago, secured $14 million from North Bridge Venture Partners, Comerica Bank and Foundation Capital.
Transaction Overview
Company Name
Announced On
4/10/2008
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$14,000,000
Round
Series B
Investors
North Bridge Venture Partners (Lead Investor) (Jeffrey Beir)
Foundation Capital (Warren Weiss)
Proceeds Purpose
SpringCM will use the proceeds from this funding to invest in market share expansion activities in sales, marketing, partner outreach and business development as well as the infrastructure and staff to create new products and enhance the service functionality that supports the growing customer base. The financing includes two major components: a $10 million Series B Preferred equity round led by North Bridge Venture Partners and including Foundation Capital, the Series A lead investor; and a $4 million credit facility with Comerica Bank through its Technology & Life Sciences Division.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
180 North LaSalle St. 6th Floor
Chicago, IL 60601
USA
Chicago, IL 60601
USA
Phone
Website
Email Address
Overview
Our integrated subscription solution incorporates enterprise search, remote storage, collaboration and content distribution technologies completely on demand. SpringCM combines mature technologies with innovations from our R&D lab to offer applications designed to serve people, so that people don't end up serving the technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Degan
Chief Information Officer
Chris King
Chief Marketing Officer
William Wiegler
Chief Technical Officer
Antonis Papatsaras
President
Greg Buchholz
VP - Customer Service
Jeff Piper
VP - Sales
Karry Kleeman
Browse more venture capital transactions:
Prev: 4/10/2008: NeoTract venture capital transaction
Next: 4/10/2008: Ustream venture capital transaction
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. All VC database entries on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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