XLerant Receives Initial Funding

Funding Rounds

▤ Summary

XLerant, Inc., a Norwalk, CT-based provider of proprietary corporate budget preparation software for mid-sized and large organizations, recently received early-stage funding.Investors include Advantage Capital and Ironwood Capital.The funds will enable the company to expand its Software-As-A-Service offerings.Founded by Lawrence Serven and Charles Pevsner and led by President Ted Dacko, XLerant provides mid-sized and large organizations with a practical corporate budget preparation software designed to help them improve financial performance throughout the entire fiscal year.It includes automated workforce planning, approval and spreading, Excel integration using on demand templates, automated formulas, line item explanatory notes, self service reporting, a watch box for real time comparisons and budget progress status screens.

$ Funding

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Amount - Total raised
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Date June 3, 2011 Announcement date
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Investors - Lead investors
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Company http://www.xlerant.com/ Funded company

▥ Classifications

industries
No industries detected
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Business Budgeting Software Financial Planning Software SaaS

▦ Linked Companies

XLerant
$1M to $5M