Tech Company Financing Transactions
Pivotal Software Funding Round
EMC Ventures, Ford Motor Co. and GE Ventures participated in a $653 million Series C capital raise for Pivotal Software. The funding round closed on 5/5/2016.
Transaction Overview
Company Name
Announced On
5/5/2016
Transaction Type
Venture Equity
Amount
$652,999,987
Round
Series C
Proceeds Purpose
With this cash, Pivotal could expand its product development, hire engineers and developers and move into foreign markets. Cook was pretty closed-mouthed about details, saying that it was likely the company would expand beyond the 2000 employees it currently has, but just how many that would involve in the coming year or so and how it would be distributed among various departments and offices, he wasn't willing to say. $400,000,00 of the transaction amount is per SEC regulatory filing and represents a conversion from debt to equity by investor EMC.
Company Information
Company Status
Publicly-held
Industry
Enterprise IT
Mailing Address
875 Howard St. 5th Floor
San Francisco, CA 94103
USA
San Francisco, CA 94103
USA
Phone
Website
Email Address
Overview
Pivotal Software (NYSE: PVTL), the company at the intersection of big data, PaaS, and agile development, helps companies transform into great software companies.
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chairman
Paul Maritz
Chief Executive Officer
Rob Mee
Chief Financial Officer
Cynthia Gaylor
President
William Cook
VP - Bus. Development
James Watters
VP - Client Services
Edward Hieatt
VP - General Counsel
Andrew Cohen
VP - Product Management
Scott Yara
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Where The Data Comes From
We do our best to report on funding rounds that are announced publicly. VC transactions reported here are derived from publicly available VC deal announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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