Hod Hasharon-based Clarizen will use the proceeds to launch new solutions for customers, expand its global business, sales, and marketing.
Software as a service (SaaS) project management solutions developer Clarizen Inc. has raised $12 million. Opus Capital Ventures led the round, and was joined Benchmark Capital, Carmel Ventures and DAG Ventures. The financing brings the amount of capital raised by Clarizen to $36 million since it was founded by CEO Avinoam Nowogrodski in 2005.
Hod Hasharon-based Clarizen will use the proceeds to launch new solutions for customers, expand its global business, sales, and marketing. The company said that its revenue has grown 400% since 2009.
Published by Globes [online], Israel business news - www.globes-online.com - on May 1, 2011
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