3Pillar Global Raises $12 M of Series A Funding
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Fairfax, Virginia – 3Pillar Global, a developer of software products for businesses, enabling them to quickly turn ideas into value has raised $12 million of series A funding led by NewSpring Capital and backed by angel investors.
Marc Lederman, General Partner of the NewSpring Growth investment fund, said, “3Pillar Global is an excellent fit for our NewSpring Growth Capital III, LP fund, which targets companies in large growing markets that are sensitive to disruptive technologies. We were attracted to the company’s track record of success, management team, and impressive client list – along with the clear potential for future growth. We will leverage our past experience and lessons learned in both the services and software sectors to help 3Pillar acquire and best utilize the resources it needs to capture the market opportunity.”
According to 3Pillar’s CEO David DeWolfsaid, the funding will be used for the aggressive acceleration and growth plan of the company and venturing into new locations for customers and vertical markets.
Funding Total: $12,000,000
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|Investors: NewSpring Capital|