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ThinkVine secures $1.85 Million in series B financing
By siliconindia
Cincinnati: ThinkVine, a marketing planning and simulation software provider, has secured $1.85 Million in series B financing. Draper Triangle and DFJ Portage co-led the funding round, which was also participated by Draper Fisher Jurvetson, CincyTechUSA and Fort Washington Capital Partners.
The company's second round of funding caps a year of double digit revenue growth, tripled headcount and an expanding Fortune 500 customer base. ThinkVine will use the funding to fuel sales & marketing effort and bolster the R&D effort required to keep ahead of the competition.
"ThinkVine's value proposition of delivering efficient marketing spending becomes more compelling in a tough economy. By injecting agility & responsiveness into the planning process, we think the company is mapping consumer marketing for the future," said Ed Chandler, Managing Director at DFJ Portage.
