XLerant Obtains $3,000,000 Series B Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=14880d4d-3d80-49d2-b031-289b94c9c6b2&Preview=1 -
Date
1/24/2012 -
Company Name
XLerant -
Mailing Address
12 S. Main Street Norwalk, CT 06854 -
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
$3,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The investment will be used for sales and marketing expansion in North America. -
M&A Terms
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Venture Investor
Chrysalis Ventures -
Venture Investor
Connecticut Innovations
