SAFEGUARD SCIENTIFICS LEADS $16M SERIES C FINANCING FOR APPRENDA

Wayne, PA, November 20, 2013 Safeguard Scientifics, Inc. (NYSE:SFE) deployed $12.1 million as part of a $16.0 million Series C financing for Apprenda Inc. Existing investors Ignition Partners and New Enterprise Associates also participated in the round. Apprenda will use proceeds to expand its customer growth and build out its product, strategic alliances, sales, client services and marketing functions. Apprenda’s total funding to date is $32 million.

Full press release can be found here:  Safeguard – Apprenda Series C

Heather R. Hunter
Director, Marketing Communications
O 610-975-4923
C 215-531-2225
F
610-672-9848
435 Devon Park Drive, Building 800, Wayne, PA 19087
hhunter@safeguard.comwww.safeguard.com

 


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