Tech Company Financing Transactions
Phurnace Software Funding Round
Phurnace Software, based in Austin, raised $1.3 million from Mercury Fund.
Transaction Overview
Company Name
Announced On
9/19/2007
Transaction Type
Venture Equity
Amount
$1,330,000
Round
Series A
Investors
Mercury Fund (Lead Investor) (Blair Garrou)
Proceeds Purpose
The capital will be used by Phurnace to expand sales and development activities for its patent-pending deployment products.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
707 Rio Grande 100
Austin, TX 78701
USA
Austin, TX 78701
USA
Phone
Website
Email Address
Overview
Phurnace creates software that accelerates the deployment of Java EE applications. It eliminates the error-prone, repetitive heartaches associated with the set up, configuration and migration of software running on web application servers -- regardless of vendor or version. Developers and System Administrators use Phurnace to reduce errors, save time and reduce overall deployment costs.
Management Team
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Prev: 9/19/2007: Altheus Therapeutics venture capital transaction
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