Celigo has secured USD8 million in expansion capital from TVC Capital, a San Diego-based growth equity firm, the company said.
The funding marks Celigo´s first institutional capital since its founding in 2006. Steven J. Hamerslag, Managing Partner of TVC Capital, will join the board of directors for Celigo.
The new financing round will be used to expand Celigo´s sales, marketing, product development, and services capabilities.
Celigo´s SmartConnectorsTM enable independent SaaS applications to work together seamlessly.
TVC Capital is focused on investments in and acquisitions of business critical software firms.