Clarizen has raised $35 million in a Series F financing round that will bring the company's total financing to date to $90 million.

CJ Arlotta, Associate Editor

May 21, 2014

1 Min Read
Clarizen CEO Avinoam Nowogrodski says organizations are transforming through enterprise work collaboration
Clarizen CEO Avinoam Nowogrodski says organizations are transforming through enterprise work collaboration.

Clarizen announced Wednesday it had closed a $35 million investment round that will bring the company’s total financing to date to $90 million.

The Series F funding round was led by Goldman Sachs & Co., with participation from existing investors, including Benchmark Capital, Carmel Ventures, DAG Ventures, Opus Capital and Vintage Investment Partners.

The cloud-based work collaboration company said it plans to use the additional funding to expand global market share, focus on customer success and continue product innovation.

“Enterprise work collaboration is transforming the way global organizations succeed and Clarizen is leading enterprises into 21st century decision-making and execution,” Clarizen CEO Avinoam Nowogrodski said in a statement.

Additionally, Clarizen, based in San Mateo, Calif., appointed Hillel Moerman, who is co-head of Goldman Sachs’ Private Capital Investing group, to its board of directors. The company tapped Holger Staude, also a member of PCI, as board observer.

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About the Author(s)

CJ Arlotta

Associate Editor, Nine Lives Media, a division of Penton Media

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