Deal Announcements

Conformiq Clicks With New Venture Capital Funding

Friday, February 13, 2009 5:46:00 AM PDT | VentureDeal Staff

Saratoga, California  --  Software company Conformiq has secured $4.2 million in new venture capital financing, according to a report in VentureWire.

Conformiq has created an automated functional test a design tool that helps organizations develop mission-critical software and systems faster.

Nexit Ventures made the investment, which included other undisclosed investors. Conformiq received €3M ($4.2M) in venture capital funding from investors in Europe and the United States, led by Nexit Ventures and Finnish Industry Investment Ltd. Conformiq will use the new funding for sales, marketing and further development of the company‚Äôs flagship product, Conformiq Qtronic.

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