ProcessMaker Raises $45 Million in Series A
Summary
Durham, NC and Vienna, VA, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Durham-based ProcessMaker is announcing today that it has closed $45 million in Series A funding from Aldrich Capital Partners. ProcessMaker is a leading no-code/low-code open source process automation platform founded during the dotcom boom and bust of 2000 by Bobby Vernon and Brian Reale. The two entrepreneurs failed early and quite often during their initial years, but in 2008 the team launched what is now known around the world as ProcessMaker - one of the first open source workflow software solutions in the industry at the time. “For students who were already struggling with the financial and emotional stress of the pandemic, waiting 5 months to know when or if transfer credits would be approved, often meant the difference between dropping out of college or staying to graduate.” “This investment and partnership with Aldrich Capital marks a significant milestone for ProcessMaker, and I am very proud and excited for our team. Both an operations partner and board-level advisor, ACP brings its portfolio companies strategic insight and access to a broad network of relationships built over 50 combined years of entrepreneurship and investing.
Funding
Classifications
AskAI Classifications
LabelsLinked Companies
