CubeTree Secures $8M in Series B Financing Led by InterWest Partners

Funding Rounds

▤ Summary

CubeTree, a Redwood City, CA-based enterprise collaboration suite built on a social networking platform, has secured $8m in Series B financing.CubeTree, which was launched in May 2009 to deliver a hosted social networking platform with enterprise collaboration tools like wikis, blogs and file sharing tightly integrated into the social network, will use the funds to continue investing in product and market development.Commenting on the funding, Carlin Wiegner, chief executive officer and co-founder of CubeTree, said: “Enterprise social software is an extremely fast-moving space and this new investment round will allow us to maintain our aggressive speed of product innovation, while accelerating the growth of the company.Bruce Cleveland added: “Since its launch in May 2009, CubeTree has clearly differentiated itself and developed significant market momentum through its aggressive delivery of innovative solutions.I’m looking forward to working closely with Carlin and his team to support CubeTree’s growth as a major player in the enterprise social software market”.

$ Funding

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Amount $8.0M Total raised
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Date November 2, 2009 Announcement date
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Investors Trinity Ventures Lead investors
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Company http://www.cubetree.com Funded company

▥ Classifications

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applications
Web and Content Management

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