Spiceworks Lands $25,000,000 New Financing

  • Feed Type
  • Date
    4/28/2011
  • Company Name
    Spiceworks
  • Mailing Address
    7300 FM 2222, Bldg 3 Austin, TX 78730
  • Company Description
    Spiceworks develops the industry’s first free IT management software designed to meet the unique needs of small and medium businesses. Spiceworks helps IT organizations easily manage their networks, solve IT problems and find the products, services and information they need to do their jobs.
  • Website
    http://www.spiceworks.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $25,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The company said that over the next year, it will offer more social commerce capabilities, including group purchasing and deals and the ability to purchase IT products and services directly through the Spiceworks platform.
  • M&A Terms
  • Venture Investor
    Adams Street Partners
  • Venture Investor
    Tenaya Capital

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