Spiceworks Closes $25M Series D Financing

Funding Rounds

▤ Summary

Spiceworks, Inc., an Austin, TX-based social business network for IT professionals and technology vendors, has closed a $25m Series D financing round.Investors include new backers Adams Street Partners and Tenaya Capital and existing shareholders.The company intends to use the funds to include integrated commerce within the network including group purchasing and deals, integrated request for quote with the leading technology vendors, and the purchasing of IT products and services built directly into the workflow of the application.Founded in 2006 by CEO Scott Abel, Spiceworks allows IT professionals to discover, buy and manage technology products and services.Spiceworks allows them to create purchase lists, renew warranties, and buy cloud services from select vendors.

$ Funding

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Amount $25.0M Total raised
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Date April 28, 2011 Announcement date
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Investors IVP, Shasta Ventures, Austin Ventures, Adams Street Partners Lead investors
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Company http://www.spiceworks.com Funded company

▥ Classifications

industries
No industries detected
applications
Customer Service & Support

◇ AskAI Classifications

Labels
SaaS IT Management Software Help Desk Software

▦ Linked Companies

Spiceworks
$50M to $100M