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Authoria Completes Debt And Equity Funding Round

Monday, October 01, 2007 5:00:00 AM PDT | VentureDeal Staff

WALTHAM, MA -- Software company Authoria, Inc. said that it has secured $22.5 million in new venture debt and equity to fund expansion and continued development.

Authoria helps enterprises optimize the way they recruit, develop, compensate, retain and engage the best talent for their firm.  The company says its software serves more than 300 large organizations containing over 4 million managers and employees.

Investors in the round included Horizon Technology Finance, Velocity Venture Capital, Austin Ventures, Menlo Ventures, Norwest Venture Partners and CIBC Capital Markets.

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