Tech Company Financing Transactions
PropelPLM Funding Round
PropelPLM, based in Santa Clara, raised $18 million from Norwest Venture Partners, Cloud Apps Capital Partners and Salesforce Ventures.
Transaction Overview
Company Name
Announced On
11/16/2018
Transaction Type
Venture Equity
Amount
$18,000,000
Round
Series B
Investors
Norwest Venture Partners (Lead Investor) (Sean Jacobsohn)
Proceeds Purpose
The new funds will be used to grow the team, deliver on its expansive product roadmap, and build on its existing customer base that already includes companies like Desktop Metal, Samsara, and Peak Design.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
451 El Camino Real 110
Santa Clara, CA 95050
USA
Santa Clara, CA 95050
USA
Phone
Website
Email Address
Overview
Propel's mission is to help companies, partners and customers propel innovation with the only product lifecycle management (PLM) solution built 100% on the Salesforce platform.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ray Hein
Chief Financial Officer
Carmine Napolitano
Chief Marketing Officer
Dario Ambrosini
Chief Technical Officer
Ronald Hess
Vice President
Kevin Crothers
Vice President
September Higham
Vice President
Kevin Walsh
VP - Customer Service
Mary De Frenchi
VP - Engineering
Kishore Subramanian
VP - Marketing
Be'Anka Ashaolu
VP - Marketing
Miguel Tam
VP - Product Management
Thomas Shoemaker
VP - Sales
Charles Lawson
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Where The Data Comes From
We do our best to report on tech company VC transactions. All VC database entries reported here are sourced from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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