SaaS co Samanage raises $5m

The company will use the proceeds to accelerate product development.

SaaS IT services developer Samanage Ltd. has raised $5 million. Gemini Israel Ventures and Carmel Ventures led the round. The company will use the proceeds to accelerate product development.

Samanage says that the company has been growing steadily, including 30% in the past quarter, and that growth is continuing apace. CEO Doron Gordon says, “We’ve seen incredible growth in the past few quarters and this has really been pushing us to expand."

Published by Globes [online], Israel business news - www.globes-online.com - on October 16, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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