ClearMomentum, a Canandaigua, NY-based provider of integrated financial analytics and reporting software-as-a-service (SaaS), announced that it has closed a Series A round of financing.
The amount of the funding was not disclosed.
The financing round was led by Trillium Group, a Rochester, N.Y.-based private equity firm managing early stage venture capital and growth equity funds.
The proceeds will enable the company to accelerate its growth, secure strategic partners and create higher-value services.
General Partner Kevin Phelps with Trillium Executive Partner, James Stoffel, along with Clear Momentum founder, John Grabski, will be members of the Board of Directors. The company also announced that Kenneth Kaisen, a former Vice President & General Manager at Xerox and Avaya Inc., has joined the company as President & CEO.