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Spotfire Closes $6M Round; Chambon Will Join Board

Apr 23, 1999
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CAMBRIDGE, Mass.--Swedish software maker Spotfire, which has a US headquarters here, last week closed its second round of venture capital financing, having raised $6 million. The round was lead by the Sprout Group, whose general partner, Philippe Chambon, will join the Spotfire board of directors. Current investors Atlas Ventures and InnovationsKapital also participated in the round.

Rock Gnatovich, Spotfire's president, said the financing will support the company's continued expansion into the pharmaceutical market, where it has already secured 22 customers, and its entry into other industries.

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