Heroku Lands $10,000,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c40a5b94-50cb-4a0f-8f71-6de2af1af9f5&Preview=1 -
Date
5/10/2010 -
Company Name
Heroku -
Mailing Address
Undisclosed San Francisco, CA 94100 -
Company Description
The company is developing software applications that enable faster development of Ruby on Rails applications in a cloud environment. -
Website
http://www.heroku.com -
Transaction Type
Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The funding, led by Ignition and with participation by existing investors Redpoint Ventures, Baseline Ventures, and Harrison Metal Capital, will be used to accelerate Heroku’s rapid growth and technology lead as customers shift more and more aggressively towards building, running, and managing apps in the cloud. -
M&A Terms
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Venture Investor
Ignition Partners -
Venture Investor
Redpoint Ventures -
Venture Investor
Baseline Ventures -
Venture Investor
Harrison Metal Capital
