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ADAPTIVE GETS $45M IN FUNDING
Adaptive Planning, which makes Internet-based budgeting systems, has received $45 million in its latest round of venture capital funding. That comes after it raised $22 million in March 2012, and which seems like a pretty good take when the two are added together. The Mountain View, Calif.-based company made the announcement at its Accelerate 2013 user and channel conference in San Francisco and so far, that's the only news released from that event.
The company says it had 500 from those categories in attendance. The press release on the topic reported that "Adaptive Planning will use the additional capital to scale its direct sales and partner channels in North America, expand into attractive new enterprise and international markets, and drive new product innovation." The funding round was led by V.C. firm Bessemer Venture Partners, which was joined by existing investors Onset Ventures, Norwest Venture Partners, RBC Venture Partners, Cardinal Venture Capital and Monitor Ventures.
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