Socialcast Garners $8,000,000 Series B Funding
-
Feed Type
-
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=73dcf9b3-d9d1-4c7f-b2c5-9a83a4a45115&Preview=1 -
Date
3/31/2010 -
Company Name
Socialcast -
Mailing Address
19 South Park Street San Francisco, CA 94107 -
Company Description
Since 2005, Socialcast has been a leading provider of social networking platforms and solutions for both consumer-facing clients and enterprise customers. Based in Irvine, California, Socialcast is the only SaaS provider of private self-service corporate social networking communities. Our software unites traditional intranet features with social messaging technology to empower employees to expand, create and share knowledge across the enterprise. -
Website
http://www.socialcast.com -
Transaction Type
Venture Equity -
Transaction Amount
$8,000,000 -
Transaction Round
Series B -
Proceeds Purposes
According to the company, it will be using the funding to expand engineering, marketing, sales, and customer support. -
M&A Terms
-
Venture Investor
Menlo Ventures -
Venture Investor
True Ventures
