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Lead Edge Capital leads USD32.5m financing to Spredfast.

MANews-(C)2009-2014

3 January 2014 - US venture capital firm Lead Edge Capital LLC has led a USD32.5m (EUR23.8m) funding round to domestic social business software solutions provider Spredfast Inc, the latter said on Friday.

Austin Ventures, InterWest Partners LLC and OpenView Partners, which previously invested in the company, also took part in the latest round.

Spredfast said it would use the fresh funds to speed up growth via talent acquisition, product development and global expansion and cement its worldwide leadership as an independent social relationship platform provider.

Commenting on the investment, Lead Edge managing partner Mitchell Green underscored Spredfast's leading market position, as evidenced by its large client base.

Spredfast serves over 300 enterprise brands.

Country: USA

Sector: Computer Software

Target: Spredfast Inc

Buyer: Austin Ventures, InterWest Partners LLC , OpenView Partners, Lead Edge Capital LLC

Deal size in USD: 32.5m

Type: VC

Status: Closed

Comment: Deal size refers to combined investment.

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Publication:M & A Navigator
Date:Jan 3, 2014
Words:155
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