Demantra Secures More Venture Financing
Steve McVey - October 17, 2000

Event Summary

Demantra recently announced that it has raised $19.5 million in its second round of venture capital funding. Formula Ventures led the investor group that includes: The Challenge Fund, The Intel 64 Fund, Shamrock Holdings, and Jan Baan's Vanenburg Group. A product of Boston's fertile high-tech incubator, Demantra makes software for collaborative demand management, sales and marketing support, and replenishment planning. The cornerstone of its suite is a solution supporting Collaborative Planning, Forecasting and Replenishment (CPFR) guidelines as published by the Voluntary Inter-industry Commerce Standards organization (VICS). CPFR is a methodology by which trading partners collaborate on building consensus forecasts for customer orders and replenishment orders. Demantra plans to use this round of financing to continue to expand its sales and marketing capacity and foster new product development initiatives...