Averail Completes $6M Series A Funding

Funding Rounds

▤ Summary

Averail, a Menlo Park, CA-based developer of a mobile content management (MCM) solution for smartphones and tablets, completed a $6m Series A funding.The round was led by Foundation Capital and Storm Ventures.The company intends to use the capital to advance product development and expand the organization (http://www.averail.com/company/careers.php).According to the website, the company will share more details about its solutions in the second half of 2012.In conjunction with the funding, Paul Holland, General Partner at Foundation Capital, and Tae Hea Nahm, Managing Director at Storm Ventures, have joined Averail’s Board of Directors.

$ Funding

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Amount $6.0M Total raised
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Date March 20, 2012 Announcement date
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Investors - Lead investors
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Company http://www.averail.com Funded company

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applications
Web and Content Management

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