What Company Is Offering:
ON24, Inc. is the global leader of webcasting and virtual events solutions for demand generation and corporate communications. ON24 provides the most reliable and trusted solutions that enable organizations to plan, produce and deliver cost-effective online events, including lead generation webinars, virtual shows, internal communications, continuing professional education and executive announcements.
How Much They Got From VCs:
ON24, Inc. , the global leader in webcasting and virtual events solutions, announced that it has secured over $8 million in equity and expansion capital financing. U.S. Venture Partners, Canaan Partners, and Rho Ventures led the equity round; while Gold Hill Capital led the expansion capital financing. This brings ON24's total capital raised to more than $46 million. The funds will be used to accelerate ON24's global expansion of the sales, marketing and client services organizations; and product development initiatives, including ON24 Virtual Show and the company's flagship webcasting platform.
ON24 continues to experience strong customer and sales momentum, with over 40% sales growth year over year. Enterprises, business-to-business publishers, government, and life science organizations worldwide overwhelmingly select ON24 for their demand generation and corporate communications needs. With the introduction of ON24 Virtual Show on June 30, 2008, ON24 is the only company to provide an integrated family of webcasting and virtual events solutions, which streamline how organizations plan, produce and deliver cost-effective online events.
More at:http://www.ON24.com
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