Clarizen Raises $12 Million For Project Management Software

Clarizen, provider of online work and project management software, has raised $12 million in venture funding led by Opus Capital Ventures with Benchmark Capital, Carmel Ventures and DAG Ventures participating. The total amount of venture capital invested in the company, which was founded in 2005, now totals $36 million.

The company provides collaborative project management software that allows businesses to easily manage all of their projects and resources. Work and project details for all employees are managed and maintained in one centralized, online platform.

The company has experienced 400 percent year over year growth and more than 1,000 organizations around the world use Clarizen. Clarizen will use this funding for new product development, global expansion and business development, sales and marketing initiatives.