Spanning Cloud Apps Obtains $6,000,000 Series B Financing

  • Feed Type
  • Date
    3/21/2013
  • Company Name
    Spanning Cloud Apps
  • Mailing Address
    7600-B N Capital of Tx Hwy Austin, TX 78731
  • Company Description
    Spanning Cloud Apps is a cloud-based application developer focused on backup solutions for today’s most widely adopted cloud-computing suites including Google Apps.
  • Website
    http://www.spanning.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $6,000,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    This infusion of capital will allow us to accelerate the build-out of our direct sales team and reseller channel, while extending the product lead we’ve established over our competitors. It also provides us with an important strategic partner.
  • M&A Terms
  • Venture Investor
    Undisclosed
  • Venture Investor
    Foundry Group

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