Tech Company Financing Transactions
Paylocity Funding Round
Paylocity secured a $10 million Series A financing round on 5/16/2008. Investors included Adams Harkness Ventures.
Transaction Overview
Company Name
Announced On
5/16/2008
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Investors
Adams Harkness Ventures (Jeffrey Diehl)
Proceeds Purpose
"This new partnership and capital investment will enable Paylocity to draw on Adams Street Partners' business relationships to accelerate growth, enhance our products, and reach new audiences," CEO Steve said Sarowitz.
Company Information
Company Status
Publicly-held
Industry
Software
Mailing Address
1400 American Ln.
Schaumburg, IL 60173
USA
Schaumburg, IL 60173
USA
Phone
Website
Email Address
Overview
Paylocity (NASDAQ: PCTY) was founded in 1997 and is the preeminent provider of Web-based SAAS (Software-as-a-Service) payroll and human resource solutions for mid-sized companies.
Profile
Social Media
Company News
Facebook
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Steve Beauchamp
Chief Information Officer
Brad Schaufenbuel
President
Michael Haske
VP - Bus. Development
Jenifer Page
VP - Client Services
John Taylor
VP - Engineering
Robert Goldstein
VP - Human Resources
Jay Schedler
VP - Operations
Mark Kinsey
VP - Product Management
Ted Gaty
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Next: 5/16/2008: Novasys Medical venture capital transaction
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