XLerant Receives $1,200,000 Series A Funding Round

  • Feed Type
  • Date
    1/10/2008
  • Company Name
    XLerant
  • Mailing Address
    700 Canal Street Stamford, CT 06902
  • Company Description
    BudgetPak is the only budgeting tool that actually assists line managers in creating valid cost center budgets the first time around, saving countless hours of budget validation and rework. BudgetPak helps control budget inflation by making each decision that impacts the budget transparent, and by making it easy for line managers to develop a valid budget to begin with. Best of all, BudgetPak integrates with your existing planning applications — from the most sophisticated enterprise systems to Excel.
  • Website
    http://www.xlerant.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,200,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    “This investment by CI will enable XLerant to penetrate the market more rapidly than originally anticipated. There is a real void in the market for a product that meets the needs of both large and small firms,” said New Canaan resident Lawrence Serven, co-founder and chief executive officer of XLerant
  • M&A Terms
  • Venture Investor
    Connecticut Innovations
  • Venture Investor
    Undisclosed

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