Soasta Lands $6,400,000 Series B Funding Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5ae640ca-1c79-4ee0-95b0-ef030f0d7c3e&Preview=1 -
Date
9/8/2008 -
Company Name
Soasta -
Mailing Address
1975 Landings Dr. Mountain View, CA 94043 -
Company Description
The world is changing. Everything in enterprise software is moving to the Web. The economic advantages of browser software delivery (no installs, instant availability everywhere, updates applied centrally) create great demand for this type of enterprise application. But, these new Web applications are difficult and expensive to test. In fact, most Web testing is currently hand built. -
Website
http://www.soasta.com -
Transaction Type
Venture Equity -
Transaction Amount
$6,400,000 -
Transaction Round
Series B -
Proceeds Purposes
The new funding will be used to support product enhancements, marketing, and business development efforts to address the growing demand for SOASTA’s web testing solution for Cloud Computing environments. -
M&A Terms
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Venture Investor
Formative Ventures -
Venture Investor
Canaan Partners -
Venture Investor
The Entrepreneurs Fund
