GroundWork Open Source Obtains $5,000,000 Series D Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=90675431-a8c5-4296-b7ab-1653959d1dba&Preview=1
Date
10/13/2009
Company Name
GroundWork Open Source
Mailing Address
139 Townsend Street San Francisco, CA 94107
Company Description
GroundWork Open Source is a recognized leader in the fast growth market for enterprise-class open source-based systems and network monitoring and management software, successfully bringing to market the first practical yet enterprise-ready open source solution for systems and network administrators.
Website
http://www.groundworkopensource.com
Transaction Type
Venture Equity
Transaction Amount
$5,000,000
Transaction Round
Series D
Proceeds Purposes
The investment will be used to help further execute on GWOS’ vision of delivering a disruptive solution that eliminates IT administration isolation, providing a unified platform based on open source, open standards and a thriving community as viable resources.
M&A Terms
Venture Investor
Canaan Partners
Venture Investor
Mayfield Fund
Venture Investor
Jafco Ventures America Inc
Venture Investor
SAP Ventures