As reported by VentureBeat, Nuvolo, a provider of asset management software to life sciences organizations and pharmaceutical companies, just raised a $10M Series A. New investor GE Ventures led the round. Existing investors NEA and ServiceNow Ventures also participated. Nuvolo plans to use the capital to scale up sales and marketing and hire new employees.
Nuvolo develops, implements and supports cloud-based applications built on ServiceNow, the world’s leading enterprise cloud computing/IT service management (“ITSM”) platform. Nuvolo was a pioneer in ServiceNow’s CreateNow application development process. They were the first partner to complete the ServiceNow Application Certification process, and they now manage assets for more than 3,500 hospitals, healthcare providers, and manufacturers.
Lighter Capital provided Nuvolo $1M in growth capital in two tranches. We’re excited to see them grow and we wish them luck in this new stage!
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