SpringSource Secures $15,000,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=11daaa6e-d0b4-4c69-92fd-2da3c065fccb&Preview=1 -
Date
6/24/2008 -
Company Name
SpringSource -
Mailing Address
411 Borel Avenue San Mateo, CA 94402 -
Company Description
SpringSource is a leading provider of trusted open source software for mission-critical enterprise applications. SpringSource created and sustains the development of the Spring Framework, the leading Java™ and Java EE™ application framework. Through the Spring family of products, SpringSource has helped hundreds of organizations, including some of the world’s largest financial institutions and public sector clients, build and deploy mission-critical applications that boost developer productivity and increase enterprise ROI. -
Website
http://www.springsource.com -
Transaction Type
Venture Equity -
Transaction Amount
$15,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The proceeds will be used to help the company continue to expand its operations and accelerate its growth strategy. -
M&A Terms
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Venture Investor
Accel Partners -
Venture Investor
Benchmark Capital
