Heroku Lands $10,000,000 Series B Financing

  • Feed Type
  • 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
  • Venture Investor
    Ignition Partners
  • Venture Investor
    Redpoint Ventures
  • Venture Investor
    Baseline Ventures
  • Venture Investor
    Harrison Metal Capital

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