USA, Mzinga Closes $10M Financing

Burlington, Ma.-based Mzinga, a provider of social software, services, and analytics that improve business performance, completed a $10m round of financing led by new investor Acadia Woods Partners, LLC.

Other new investor BlueCrest Venture Finance Master Fund were joined by existing investors W Capital Partners and Shared Capital Partners.

The company will use the funds to strengthen its overall financial position and increase investments in sales and marketing as well as its social software and analytics offerings.

Commenting on the round, Barry Libert, Chairman and CEO of Mzinga, said: “This additional funding will help us take advantage of the improvements we are seeing in the general corporate markets by bringing new technologies and services to market that transform the way businesses operate—ultimately enabling them to more effectively capture intellectual capital, make better decisions, and innovate faster”.

In conjunction with the funding, Jeff Samberg of Acadia Woods Partners and Mark King of BlueCrest Capital Finance have joined the Mzinga‘s board of directors, which also includes Robert Migliorino of W Capital Partners, Howard Rubin of Shared Capital Partners, Andrew Hallowell of Arcadia Partners, and Barry Libert, CEO of Mzinga.



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