TVC Capital Backs Celigo

San Diego-based software growth equity investor TVC Capital has backed Celigo, a developer of software to integrate cloud-based applications. Celigo said this morning that it has raised $8M in an expansion capital round, its first institutional funding since it was founded in 2006. A part of the funding, TVC Capital's Steven J. Hammerslag joins the company's board of directors. Celigo said the funding will go to expand sales, marketing, and product development. TVC Capital has over $325M under management, and invests in and acquires software companies, and has a reputation for particularly capital efficient investments and exits. More information »