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PivotLink Raises $10m Venture Capital
In the US, on-demand business intelligence (BI) provider PivotLink has raised a $10m investment, which it plans to use to expand sales and marketing, accelerate product development, and bolster its BI solutions delivered in a software as a service (SaaS) model.
Headquartered in San Francisco, California, PivotLink provides solutions which enable users to integrate data sets from multiple sources, as well as reporting and analytics tools. The firm, which was founded in 1998, has just over 40 employees and serves more than 6,000 clients in the retail, consumer packaged goods, healthcare, insurance, and technology markets.
This latest round of funding was led by StarVest Partners and backed by existing investors Trident Capital and Emergence Capital Partners. As part of the deal, Deborah Farrington, General Partner with StarVest Partners, will join PivotLink's Board.
Commented PivotLink CEO Quentin Gallivan: 'The investment underscores our leadership in SaaS BI. During this next stage of growth, StarVest's expertise and value-add in building highly scalable SaaS companies will be instrumental.'
With this round, PivotLink has raised $25m to date.
Web site: www.pivotlink.com .
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