River Cities Capital Funds and InterSouth Partners Join SciQuest As New Investors
Summary
Research Triangle Park , NC - SciQuest, Inc. today announced that Trinity Ventures has syndicated its investment in the company with participation from Cincinnati based River Cities Capital Funds and Intersouth Partners. “We are pleased to have Intersouth and River Cities Capital Funds as equity investors,” said Stephen J. Wiehe, president and CEO of SciQuest. After identifying new verticals such as higher education and shifting its focus to on-demand supplier relationship management solutions, SciQuest has a stronger market opportunity and outlook. Founded in 1985, Intersouth Partners manages more than $500 million in six venture capital limited partnerships, focused on the technology and life sciences sectors. SciQuest’s on-demand solutions integrate organizations with their suppliers to enable comprehensive spend management for the life sciences and higher education markets.
Classifications
AskAI Classifications
LabelsLinked Companies
