Tech Company Financing Transactions
Frictionless Commerce Funding Round
Frictionless Commerce, based in Cambridge, raised $6.2 million in funding from Polaris Partners, Draper Richards and RRE Ventures.
Transaction Overview
Company Name
Announced On
2/7/2005
Transaction Type
Venture Equity
Amount
$6,200,000
Round
Series D
Investors
Proceeds Purpose
With the proceeds of the funding in reserve, Frictionless plans to use operating cash flow this year to grow the company's market presence and product leadership.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
400 Technology Square 9th Floor
Cambridge, MA 02139
USA
Cambridge, MA 02139
USA
Phone
Website
Email Address
Not Recorded
Overview
Frictionless Commerce is a leading Supplier Relationship Management (SRM) software provider. Frictionless SRM software enables Global 2500 companies to effectively perform spend analysis, supplier profiling and performance management, sourcing and contract management.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Stephen Sharp
Browse more venture capital transactions:
Prev: 2/7/2005: Location Labs venture capital transaction
Next: 2/8/2005: Five Prime Therapeutics venture capital transaction
Share this article
Where The Data Comes From
We do our best to document every notable VC transaction. All VC database entries on this site are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs