Tech Company Financing Transactions
Spiceworks Funding Round
Spiceworks, based in Austin, secured $8 million from Austin Ventures and Shasta Ventures.
Transaction Overview
Company Name
Announced On
8/28/2007
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Series B
Investors
Austin Ventures (Lead Investor) (John Thornton)
Shasta Ventures (Lead Investor) (Ravi Mohan)
Proceeds Purpose
The funding will be used to support the rapidly expanding base of more than 120,000 Spiceworks users as well as future software development and sales and marketing efforts.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
3700 N. Capital of Texas Hwy. 100
Austin, TX 78746
USA
Austin, TX 78746
USA
Phone
Website
Email Address
Overview
Spiceworks develops the industry's first free IT management software designed to meet the unique needs of small and medium businesses. Spiceworks helps IT organizations easily manage their networks, solve IT problems and find the products, services and information they need to do their jobs.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Scott Abel
VP - Marketing
Jay Hallberg
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC transactions reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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