Host Analytics, a Redwood City, CA-based provider of on-demand corporate performance management solutions, has closed a $15m Series C funding round.
The investment was led by venture capital and growth equity firm Next World Capital, with participation from existing shareholders Advanced Technology Ventures, StarVest Partners and Trident Capital.
In conjunction with the funding, Craig Hanson, Partner at Next World Capital, will join the company’s board of directors.
This round brings the total amount the company has raised to date in venture funding to nearly $30m.
Host Analytics provides enterprises, large and midsize companies and public sector intitutions with a suite of corporate performance management solutions, which allow finance executives drive fact-based decision making throughout their organizations and put accuracy into financial processes such as planning and budgeting, scorecarding and financial consolidation and reporting.
The capital infusion will allow the company to continue to develop products, expand its sales efforts and add new industry and technology professionals to the team. Host Analytics has also announced the addition of John Perkins as vice president of sales and Chris Wheeler as director of channels and alliances.
Commenting on the round, Jon Kondo, CEO of the company, said: “This new investment will enable us to build on this foundation and to accelerate our judicious approach to growth as we work to enhance our solutions and support offerings”.
FinSMEs
09/06/2010