MetroWest company secures $13.5M in VC funding
Barry Clapp, President and CEO, Centage Corp. of Natick, helped secure $13.5 million in funding for the organization.
Natick’s Centage Corporation has received $13.5 million in venture capital funding that will allow for continued expansion of its products and marketing.
The Natick-based provider of budgeting and forecasting software for small and medium-sized businesses completed Series A funding from TVC Capital, a San Diego-based firm focused on business critical software firms. Also participating in the round was Northgate Capital.
According to Centage officials, the funding will help the company move forward with expansion of its Budget Maestro suite of products, and will advance the market for that product.
The news comes on the back of a strong 2015 fiscal year performance in which the private company said that year-over-year billings were up nearly 50 percent in the fourth quarter of 2015.
WBJ Web Partners
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