ParAccel Lands $22,000,000 Series C Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9e4302f-5390-4ba7-9da1-bbfdf71e3928&Preview=1 -
Date
6/29/2009 -
Company Name
ParAccel -
Mailing Address
9920 Pacific Heights Blvd San Diego, CA 92121 -
Company Description
The company develops data warehousing software for use by enterprises and other data-intensive organizations. -
Website
http://www.paraccel.com -
Transaction Type
Venture Equity -
Transaction Amount
$22,000,000 -
Transaction Round
Series C -
Proceeds Purposes
ParAccel will use the funds to expand product development, accelerate sales and marketing and ramp up services and support to manage its rapidly growing customer base. -
M&A Terms
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Venture Investor
Menlo Ventures -
Venture Investor
Undisclosed
