Privia LLC, a Herndon, VA-based provider of capture and proposal process management solutions, said it raised an undisclosed amount of additional capital.
According to a written statement, the round was led by Open Prairie Ventures, with participation from Chicago Technology Partners LLC and DL Investments.
The company intends to use the funding to increase product management and engineering staff to further product enhancements and functionality, expand its partner channel network, focus on new markets such as architecture and engineering, construction, and healthcare, as well as identify potential strategic acquisitions.
Led Joe Marino, President, Privia provides an array of products to help organizations streamline the entire bid, capture and proposal process—from pipeline management and reporting to teammate collaboration and proposal development. Clients including CSC, CIBER Federal, Management Concepts, Merlin International, MicroTech, Scientific Research Corporation (SRC) and USIS uses Privia’s sulutions to streamline processes in areas such as bids and proposals, past performance management, contract management, case management and claims processing.