Clarizen, a company offering online project management tools, has raised $12 million in Series E funding.
The round was led by Vintage Partners, with past backers Benchmark Capital, Carmel Ventures, DAG Ventures, and Opus Capital also investing. Clarizen has now been raised a total of $49 million, most recently announcing a $12 million round about a year ago.
The company says it continues to grow at a rapid clip, adding more than 100 new customers a month, with revenue up 300 percent year-over-year in 2011. Back in April, Clarizen launched an Android app (it already had one for iPhone) and a new product called Clarizen Anywhere, which allows users to manage their tasks through a browser plugin or as an add-on in Outlook.
Clarizen says it doesn’t plan to raise any more venture money, though that could change depending on its growth needs.
Clarizen provides on-demand, collaborative project execution software that allows businesses to easily manage all of their projects and resources in a single environment. Clarizen facilitates true team collaboration and project execution, ensuring data is always up-to-date and aligned with business objectives. No complex software or hardware installations are required due to Clarizen’s software-as-a-service (SaaS) structure, resulting in immediate business impact as teams and projects get up and running instantly. Clarizen’s intuitive user interface and innovative email reporting capabilities...
Benchmark is an early stage venture capital firm focusing in Social, Mobile, Local and Cloud companies that disrupt various industries. Founded in 1995, the firm has offices in Menlo Park and San Francisco, California. The firm has been recognized for its commitment to open source and is noted for creating the first equal ownership and compensation structure for its partners. General partners are Matt Cohler, Bruce Dunlevie, Peter Fenton, Bill Gurley, Kevin Harvey, and Mitch Lasky. Since its founding...
Carmel is among Israel’s top tier of venture capital firms. They invest primarily in early stage companies in the fields of software, communications, semiconductors, internet, media, and consumer electronics.
The DAG (Duff Ackerman & Goodrich) Ventures partnership began with investments in the cable TV, infrastructure, media, and wireless industries in the 1980’s. The firm now invests in a variety of IT, energy, and life sciences companies.
At Opus Capital, they are energized and excited about venture investing. The outlook for early-stage technology companies is very promising, especially for investors with a long history of success and deep operating experience. They are here to help entrepreneurs build great companies. Over the years, they have developed strong relationships with many entrepreneurs who come to them time and again with their new ventures. With each company in their portfolio, they work to accelerate growth—helping entrepreneurs build strong, sustainable enterprises....
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