iPaaS Vendor Celigo Secures $48M
Celigo, an integration platform as a service (iPaaS) provider, raised $48 million in Series C funding led by OMERS Growth Equity and joined by NewSpring Capital. The company plans to use the investment to optimize end-to-end business automation for mid-market companies and increase its go-to-market capacity and boost global expansion.
- Written by Klaudia Tirico
Agent3
Off the sports field, the term “pivot” has become an idiom for business change. While pivoting can be circumstantial — think of all those that halted production lines to help with the Covid-19 pandemic efforts — it’s more often motivated by a mistake in the initial strategy, such as failure to understand who your audience is, a poor product-market fit or a business model that just didn’t deliver against your objectives.
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