Replicon Raises $20 M of Series A Funding

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Replicon

A Round: $20,000,000

Founded: 1996
Industry: Project Management

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San Mateo, California – Replicon, a market leader in Software-as-a-Service (SaaS) based time and expense management software has raised $20 million of series A funding from Emergence Capital Partners and The Social+Capital Partnership.

“We strongly believe that the ways in which companies align and build their organizations are changing rapidly,” said Chamath Palihapitiya, founder and managing partner of The Social+Capital Partnership. “They are partnering with other companies and integrating outside products or services to accelerate business growth. With this growing interdependence, there needs to be a common platform that can help companies deal with increasingly complex business needs and labor practices. Replicon is poised to become this platform for the future.”

The new funding will be used for to accelerate the company’s growth.

 
Funding

Funding Total: $20,000,000

Round Date Amount Pre Amount Post Amount
A 06/2013 $20,000,000
Investors: Emergence Capital Partners, The Social+Capital Partnership

See all fundings here

 
Founders

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