Work Management Software Maker Clarizen Raises $8 Million More

Monday, December 14th, 2009

Robin Wauters currently works as a staff writer for TechCrunch and lead editor of Virtualization.com. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in Belgium, a tiny country in Europe. He can often be found working from his home or... → Learn More

Clarizen, provider of online work and project management software, has secured $8 million more in a Series C round of venture capital funding led by DAG Ventures, Benchmark Capital and Carmel Ventures. The total amount of venture capital invested in the company, which was founded in 2005, now totals $24 million.

The company provides collaborative project management software that allows businesses to easily manage all of their projects and resources in a single, online environment.

In 2009, Clarizen claims sales grew more than 400 percent year-over-year and that it has recruited more than 100 new customers in Q3 alone. The company says its products are now in use by over 500 customers.

The extra financing will be used to expand its marketing and sales operations.

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