ROCHESTER, N.Y., Jan. 9, 2014 /PRNewswire-iReach/ -- ClearMomentum, Inc. is pleased to announce that Battery Ventures has selected ClearFinancials(®) to enhance its portfolio company data collection, monitoring and reporting. Since its inception in 1983, the Boston-based venture capital firm has raised $4.5B which it invests across all stages within the eCommerce, software, digital media, industrial technology and infrastructure sectors.
"ClearFinancials(®) emerged as the clear choice for our firm after a thorough vetting of available options in the portfolio monitoring space," said Chris Schiavo, Chief Financial Officer, Battery Ventures. "ClearMomentum has obviously done their homework in building a platform capable of meeting our needs and we are excited to begin realizing the economic and analytic benefits across many facets of the portfolio monitoring process here at Battery Ventures."
The signing of Battery Ventures caps off an exciting year for ClearMomentum in which the company saw record growth in the venture capital industry. Since 2005, ClearMomentum has delivered the industry's only one-stop reporting platform to today's most progressive private capital investors, boards and limited partners. Now supporting 54 clients representing venture capital, private equity and mezzanine financing, ClearMomentum collects detailed financial data from thousands of private companies around the globe.
"I am very excited to welcome another top-tier client onto the ClearMomentum platform," said Dan Dykens, President & CEO, ClearMomentum. "Battery's reputation and history of successful investing carry a lot of weight in the venture community. I am very proud that such a storied firm has agreed to sign a three year contract with ClearMomentum. It demonstrates Battery's commitment to us and validates our position as the clear leader for private company portfolio monitoring."
About Battery Ventures:
Founded in 1983, Battery Ventures is a venture capital firm with offices in Boston, Silicon Valley and Israel. The firm prefers to invest in companies within the eCommerce, software, digital media, industrial technology and infrastructure sectors.
ClearMomentum delivers the only one stop reporting and analytics platform to today's most progressive private capital investors, boards and limited partners. By managing all collection and aggregation of issuer financials, ClearMomentum provides more insight with less effort and zero burden on either the issuer or the investor.
Media Contact: Dan Piehler, ClearMomentum, 585-393-1734, firstname.lastname@example.org
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SOURCE ClearMomentum, Inc.