Tech Company Financing Transactions
Mzinga Funding Round
Mzinga closed a $32.5 million venture capital round on 3/3/2008. Backers included W Capital Partners and GE Pension Plan.
Transaction Overview
Company Name
Announced On
3/3/2008
Transaction Type
Venture Equity
Amount
$32,500,000
Round
Undisclosed
Investors
W Capital Partners (Lead Investor) (Robert Migliorino)
GE Pension Plan (Jennifer Shed)
Proceeds Purpose
Mzinga plans to use this new funding to accelerate product development in response to increased demand, expand into new market segments, and increase sales and marketing investments. In support of these goals, a portion of the proceeds is being used to finance Mzinga's recent acquisition of Prospero Technologies, a Massachusetts-based social media provider with a strong client base in the media, entertainment, and publishing sectors.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
20 Burlington Mall Rd. 420
Burlington, MA 01803
USA
Burlington, MA 01803
USA
Phone
Website
Email Address
Overview
Mzinga is the leading provider of business social media solutions to drive growth, innovation, and learning.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Alan Nugent
Chief Financial Officer
Mark Somol
VP - Customer Service
Mike Williams
VP - Engineering
Jem Pagán
VP - General Counsel
Diana McKearney
VP - Marketing
Eve Sangenito
Browse more venture capital transactions:
Prev: 2/29/2008: Arthrosurface venture capital transaction
Next: 3/3/2008: YieldBuild venture capital transaction
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Where The Data Comes From
We report on every notable VC transaction. VC investment data records reported here 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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