AppDirect Secures $8,500,000 Series A Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0ad89454-ee9b-4b2d-a3f9-0167a18b5455&Preview=1
Date
7/18/2012
Company Name
AppDirect
Mailing Address
650 California St. Fourth 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
$8,500,000
Transaction Round
Series A
Proceeds Purposes
Sacks said the company plans to hire another 50 employees before the end of the year and will open an office in Europe by the first quarter of 2013.
M&A Terms
Venture Investor
iNovia Capital
Venture Investor
Stingray Digital Group