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Parature secures $13.5 million in venture capital

July 5th, 2006

MCLEAN, VA – Parature, a provider of on demand customer support software, announced that the company has completed a Series A financing for $13.5 million.

The oversubscribed round includes Vienna, Va.-based Valhalla Partners, and Menlo Park, Calif.-based Sierra Ventures. Gene Riechers, General Partner and Co-founder, Valhalla Partners, and Vispi Daver, Principal, Sierra Ventures, have been named to Parature’s board of directors.

Parature plans to use the financing to further enhance its customer support and help desk solution, as well as boost sales and marketing efforts.

“Parature has developed into a very strong, prosperous company, and we are in an optimal position to be a leader in one of today’s fastest growing technology markets,” said Duke Chung, CEO and President, Parature.

The company has raised an undisclosed amount of seed funding since its conception in 2000 from Ching-Ho Fung, who serves as chairman, and other angel investors.

www.parature.com

 

Southeast Venture Conference, February 29 – March 1, 2012 at the Ritz Carlton in Tysons Corner, VA – Where Smart Money Meets Smart People.
www.seventure.org

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