Tasktop announces US $11.3M Series B led by AVX Partners

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By CPE News

Tasktop Technologies, a Vancouver based provider of Software Lifecycle Integration (SLI) solutions, has announced the closing of US $11.3 million Series B financing led by AVX Partners, with participation from existing investors Austin Ventures and Yaletown Partners.

The financing closed in December 2016. AVX Partners reportedly invested $8 million in the Series B round. In connection with the financing, Chris Pacitti, founding Partner of AVX, has joined Tasktop as board observer.

AVX Partners is a growth-stage venture firm sprouted out from Austin Ventures in 2015. Pacitti remains as a general partner of Austin Ventures.

Tasktop Technologies intends to use new fund primarily towards the go-to-market development, marketing and sales activities for its recently launched Tasktop IntegrationHub, which radically improves team effectiveness and project visibility to enable large scale Agile and DevOps software transformations.

In June 2014, Tasktop Technologies secured US $11 million Series A led by Austin Ventures with participation of Yaletown Venture Partners.

Tasktop Technologies has offices in Vancouver and Austin Texas.

Private Capital Directory:
AVX Partners
Yaletown Partners