PeopleMatter raises $14 million in Series C funding
Feb 27, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
PeopleMatter, a US-based human resources software company that designs and develops software as a service (SaaS)-based performance management tool to evaluate, hire, train, review and motivate workforce, has raised $14 million in Series C funding round led by Morgenthaler Ventures.
Existing investors Noro-Moseley Partners, C&B Capital, Intersouth Partners and Harbert Venture Partners also participated in the funding round.
The transaction will bring PeopleMatter's total funding to approximately $28 million.
Deal Value (US$ Million) 14
Deal Type Venture Finance
Sub-Category Growth Capital/Expansion
Deal Status Completed: 2012-02-26
Target (Company) PeopleMatter
PeopleMatter will use the proceeds for product innovation and customer-acquisition strategies.
[ Back To TMCnet.com's Homepage ]