Tech Company Financing Transactions
SpringCM Funding Round
On 10/30/2006, SpringCM received $8 million in funding from Foundation Capital and Silicon Valley Bank.
Transaction Overview
Company Name
Announced On
10/30/2006
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$8,000,000
Round
Undisclosed
Investors
Foundation Capital (Lead Investor) (Warren Weiss)
Proceeds Purpose
CEO Christine Mason McCaull, who commutes between Chicago and northern California, said investment proceeds will be used to grow the company to 40 employees from 27 by year-end. The focus will be on hiring sales and marketing professionals.
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.
Management Team
Title
Name
Email & Social
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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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