Tech Company Financing Transactions
Spiceworks Funding Round
Spiceworks closed a $5 million Series A funding round on 6/16/2006. Investors included Austin Ventures.
Transaction Overview
Company Name
Announced On
6/16/2006
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Series A
Investors
Austin Ventures (John Thorton)
Proceeds Purpose
CEO Scott Abel says the company will use the funding to support ongoing software development and to expand sales and marketing. He says the $5 million infusion will probably last a year, and then the company will likely raise more funding.
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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Prev: 6/16/2006: VLST venture capital transaction
Next: 6/19/2006: NanoOpto venture capital transaction
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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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