Mzinga Adds $6.1 Million

Wade Roush9/9/09

Mzinga, the Burlington, MA, startup that offers tools for online community management and corporate learning management, has raised $6.1 million in new equity financing, according to regulatory forms filed yesterday. Executives told Mass High Tech that the financing is an extension of Mzinga’s $32.5 million Series A round of March 2008 and involved two existing investors, W Capital Partners and BlueCrest Partners, and one new investor, Acadia Woods Partners. After cutting 18 percent of its workforce in March 2009, the company now plans to start hiring again, CEO Barry Libert told the publication.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can e-mail him at wroush@xconomy.com or follow him on Twitter at twitter.com/wroush.