AppDirect Secures $9,000,000 Series B Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00e0698a-f967-4c48-af8d-e5e6383fc16f
Date
9/10/2013
Company Name
AppDirect
Mailing Address
650 California St. 25th Floor San Francisco, CA 94108
Company Description
Our Business Application Network allows businesses to easily find the perfect software solution for their needs through our application marketplaces. Businesses can now benefit from one bill for all their applications and one portal to manage and use them. This allows greater integration, ease of use and security for application management.
Website
http://www.appdirect.com
Transaction Type
Venture Equity
Transaction Amount
$9,000,000
Transaction Round
Series B
Proceeds Purposes
Proceeds purposes were not disclosed, however the company announced the acquisition of Standing Cloud concurrent with the financing announcement.
M&A Terms
Venture Investor
iNovia Capital
Venture Investor
Undisclosed