VICTOROPS UP­DATES FUND­ING TO $15M

The Denver Post - - BUSINESS - By Tamara Chuang

VictorOps said Mon­day that it raised more money from in­vestors than it had an­tic­i­pated. The Boul­der firm, which pro­vides tech­nol­ogy to help com­pa­nies bet­ter man­age IT is­sues and soft­ware de­vel­op­ment, raised $15 mil­lion in Se­ries B fund­ing.

It had pre­vi­ously an­nounced in Novem­ber that it raised $12.2 mil­lion, which in­cluded fund­ing from Shea Ven­tures, the ven­ture arm of home builder Shea Homes.

Todd Ver­non, VictorOps CEO, pre­vi­ously shared that the funds will be used for cus­tomer ac­qui­si­tion, sales and mar­ket­ing and con­tin­ued prod­uct de­vel­op­ment. VictorOps, which em­ploys 45 peo­ple, ex­pects to hire an ad­di­tional 15 to 25 em­ploy­ees next year.

The lat­est round brings the com­pany’s to­tal fund­ing to about $33 mil­lion.

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