Clarizen’s SaaS Project Management Raises Third Round

clarizenClarizenan Israeli-based start up developing SaaS project management software for businesses, has attracted an $8 million round of investment. The round was led by DAG Ventures and joined by previous investors Benchmark Capital (Michael Eisenberg) and Carmel Ventures (Harel Beit-On, who has since then left the fund). The proceeds of this round will be used to expand its marketing and sales operations. This is Clarizen’s third round, bringing the company to a total of $24 million raised since its inception in 2005 (see previous coverage on VC Cafe).  

Clarizen offers users instant gratification with all aspects of online project scheduling – planning, resource load, task updates, scheduling conflicts and milestone progress.

Clarizen offers users instant gratification with all aspects of online project scheduling – planning, resource load, task updates, scheduling conflicts and milestone progress.

Clarizen’s software helps teams to participate in various aspects of project lifecycle, including scheduling, collaborative planning, time tracking, task management, budget tracking and reporting. According to Clarizen’s press release, the company is experiencing exponential growth in 2009 (or in excess of 400 percent year-over-year) and also reports it has gained more than 100 customers in Q3 alone, despite the challenging global economy.

Clarizen's collaborative planning allows you to dramatically accelerate the speed of your planning phase, while ensuring that the overall plan is created by the most skilled and accountable staff.

Clarizen's collaborative planning allows you to dramatically accelerate the speed of your planning phase, while ensuring that the overall plan is created by the most skilled and accountable staff.

Avinoam Nowogrodski, co-founder and CEO of Clarizen said:

“Clarizen has an amazing impact on the way companies run their operations. With Clarizen, global enterprises realize that they can stay on top of their business in real time. We deliver a delightfully easy-to-use solution that employees recognize as a valuable tool to make them more effective and efficient. By tracking business processes, our clients gain invaluable insights into the inner workings of their operations. They can then leverage this information to create processes that facilitate continued learning and improvements that impact their bottom line.”

This could be an ‘up round’ for the Israeli start up, considering the significant growth Clarizen has reported and the increasing number of companies moving from hosted services to the cloud.

Eze Vidra
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Eze Vidra

Chief Innovation Officer at Antidote
Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Ezewas a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.
Eze Vidra
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Eze Vidra

Eze is the Chief Innovation Officer at Antidote, a startup helping patients search and match to clinical trial, to accelerate medical breakthroughs. Previously, Eze was a General Partner at Google Ventures Europe. Before GV, Eze founded and led Campus London, Google's first physical hub for startups, and was the Head Google for Entrepreneurs in Europe. He's an experienced product manager and startup mentor. In 2012 Eze founded Techbikers, a non-for profit supporting children education in developing countries.