Centric Software, Inc., a provider of product lifecycle management (PLM) solutions for makers of hard and/or soft lines in the fashion and consumer goods industries, has raised $7.5m in Series C venture capital financing.
The round was led by Oak Investment Partners, with participation from Masthead Venture Partners and ABS Ventures.
The company intends to use the funds to accelerate its product and business development efforts, which include the advancement of additional mobile apps for PLM, continued focus on the luxury fashion sector, and expansion in the United Kingdom, France, Italy and New York.
Led by president and CEO Chris Groves, Centric offers a solution that delivers functionality to manage critical business processes, including product development, sourcing, line planning and profitability management. Centric 8 enables businesses to cut costs and inefficiency, speed new products to market, drive margin improvement, and improve global collaboration and compliance.
The company recently introduced the Centric 8 Collection Book for Fashion iPad App, an interactive, patent-pending mobile app to audiences in Paris and New York.
Customers include INTERSPORT France, Christine Laure, Balenciaga, The Coleman Companies, KlimUSA, Bass Pro Shops, Bravo Sports, Longchamp, Silver Jeans and United Stationers.