Tech Company Financing Transactions
Heroku Funding Round
On 5/10/2010, Heroku landed $10 million in Series B funding from Ignition Partners, Baseline Ventures and Harrison Metal Capital.
Transaction Overview
Company Name
Announced On
5/10/2010
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series B
Investors
Ignition Partners (Lead Investor) (John Conners)
Proceeds Purpose
The funding, led by Ignition and with participation by existing investors Redpoint Ventures, Baseline Ventures, and Harrison Metal Capital, will be used to accelerate Heroku's rapid growth and technology lead as customers shift more and more aggressively towards building, running, and managing apps in the cloud.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
Undisclosed
San Francisco, CA 94100
USA
San Francisco, CA 94100
USA
Phone
Undisclosed
Website
Email Address
Overview
The company is developing software applications that enable faster development of Ruby on Rails applications in a cloud environment.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Lindenbaum
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