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PeopleMatter raises $14 million in Series C funding
[February 27, 2012]

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 Deal Participants Target (Company) PeopleMatter Deal Rationale PeopleMatter will use the proceeds for product innovation and customer-acquisition strategies.

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