Tech Company Financing Transactions
Citadon Funding Round
Citadon closed a $15 million funding round on 9/2/2003. Backers included Insight Venture Partners.
Transaction Overview
Company Name
Announced On
9/2/2003
Transaction Type
Venture Equity
Amount
$15,000,000
Round
Undisclosed
Investors
Insight Venture Partners (Lead Investor) (Jeffrey Horing)
Proceeds Purpose
The funding will be used to further advance Citadon's rapid growth by providing working capital and expanding sales efforts. The new funds will also contribute to further technology development. No further financing is anticipated given that Citadon has been profitable for the last three months and fully expects this trend to continue.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
201 Mission St. 2700
San Francisco, CA 94105
USA
San Francisco, CA 94105
USA
Phone
Website
Email Address
Overview
Citadon provides collaboration software to the global engineering and construction industry. Citadon develops project collaboration software that enables enterprises that own, operate and maintain physical assets to improve how they manage their projects and capital works programs.
Management Team
Title
Name
Email & Social
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