Socrata Secures $18,000,000 Series B Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=41373513-399d-45f3-af33-5e728ed8a75e&Preview=1
Date
6/26/2013
Company Name
Socrata
Mailing Address
83 S. King St Seattle, WA 98104
Company Description
Socrata is an online community for producers, publishers, and consumers of data. Through a suite of innovative Web services, Socrata provides the world’s most comprehensive platform for social data discovery.
Website
http://www.socrata.com
Transaction Type
Venture Equity
Transaction Amount
$18,000,000
Transaction Round
Series B
Proceeds Purposes
Socrata will use the new funding to expand its cloud infrastructure; scale its customer on-boarding, support and success programs globally; operationalize recently signed strategic partnerships; and more quickly develop the next wave of open data and government performance innovations for Socrata’s customers and prospects.
M&A Terms
Venture Investor
OpenView Venture Partners
Venture Investor
Morgenthaler Ventures
Venture Investor
Frazier Technology Ventures