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Wexford, Pa., Networking Software Firm Raises $36 Million in Third Round.
Byline: Bob Starzynski
Oct. 24--CoManage Corp., the Wexford-based developer of networking software, announced yesterday what is believed to be the third-largest round of venture capital in recent years in the Pittsburgh region.
The promising start-up, which already had raised $21 million through two earlier rounds of financing, brought in another $36 million the past month.
The latest round was led by Highland Capital Partners and Goldman Sachs Group. All of CoManage's earlier investors -- Adams Capital Management, Bessemer Venture Partners, Birchmere Ventures, Columbia Capital, Lucent Venture Partners and Patricof & Co. -- joined the latest round, …
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