'We are pleased to have received a vote of confidence from both of our Series A investors through this latest round of funding,' said Stephan Schambach, CEO of Demandware. 'Both Larry Bohn of General Catalyst Partners and Michael Skok of North Bridge Venture Partners are experienced and knowledgeable investors in this market space. Our management team is looking forward to working with Larry and Michael to build on our mutual success, leveraging the tremendous knowledge, experience and network of contacts that they offer.' "
Friday, February 17, 2006
Venture Capital Access Online | Venture Capital News
"Demandware, Inc. (www.demandware.com), provider of the Software as a Service (SaaS)-based ecommerce platform that offers merchants the optimal combination of control, flexibility and a usage-based pricing model, today announced that it has raised a $12 million Series B round of funding, bringing its total raised capital to $22 million. The round was co-led by both of Demandware's Series A investors, General Catalyst Partners and North Bridge Venture Partners, with participation from Demandware management. The financing will be used to support the continuous enhancement of Demandware's ecommerce solution functionality, support its hiring plans, and expand the Company's sales and marketing activities in order to capitalize on the market opportunity for ecommerce solutions.
'We are pleased to have received a vote of confidence from both of our Series A investors through this latest round of funding,' said Stephan Schambach, CEO of Demandware. 'Both Larry Bohn of General Catalyst Partners and Michael Skok of North Bridge Venture Partners are experienced and knowledgeable investors in this market space. Our management team is looking forward to working with Larry and Michael to build on our mutual success, leveraging the tremendous knowledge, experience and network of contacts that they offer.' "
'We are pleased to have received a vote of confidence from both of our Series A investors through this latest round of funding,' said Stephan Schambach, CEO of Demandware. 'Both Larry Bohn of General Catalyst Partners and Michael Skok of North Bridge Venture Partners are experienced and knowledgeable investors in this market space. Our management team is looking forward to working with Larry and Michael to build on our mutual success, leveraging the tremendous knowledge, experience and network of contacts that they offer.' "
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