Socialware Adds Investment From CrunchFund

Austin-based Socialware, the developer of social business software, said this week that it has added CrunchFund, the investment fund run by TechCrunch's Michael Arringotn, as an investor. Socialware said that the investment comes as part of its earlier, $7M Series C funding. Socialware did not disclose the amount of the investment, however, a regulatory filing by Socialware indicates that the investment was worth $200,000, on top of its earlier announced Series C funding. Socialware's other investors are FLOODGATE, G-51 Capital, Morgan Stanley Expansion Capital and Silverton Partners. More information »