Datical snags $3M Series A financing

Dec 16, 2013
Austin Business Journal

Software maker Datical Inc. has completed a $3 million Series A round of funding

The Austin-based company received the financing from investors that included the Houston-based Mercury Fund and Austin Ventures LP. The capital will be used to expand Datical’s development and marketing, officials said Monday

Datical, which developed a tool designed to manage databases, was started in 2012 and came out of stealth mode in October. It was launched by local entrepreneurs Robert Reeves, Daniel Nelson and Pete Pickerill. The trio’s previous business, Austin-based Phurnace Software Inc., was acquired in 2009 by Houston-based BMC Software Inc. (Nasdaq: BMC)

In May, Datical completed a $1 million financing from 10 investors. Last year, it reported raising $660,000 of a planned $700,000 financing from 11 investors, according to filings with the U.S. Securities and Exchange Commission

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