XLerant Closes $3M Series B Financing
XLerant, Inc., a Norwalk, CT-based provider of budget preparation software for mid-sized and large organizations, has closed a $3m Series B round of financing.
The company intends to use the funding for sales and marketing expansion in North America.
Founded in 2005 and led by CEO Ted Dacko, XLerant offers a budgeting and planning application called BudgetPak, which replaces spreadsheet-based budgeting to provide user flexibility and financial controls throughout the entire fiscal year.
In conjunction with the financing, Chrysalis Principal Wright Steenrod will join XLerant’s board of directors.