Mobile Workforce Software Company Dexterra Raises $21.5 million In Funding

Dexterra, a Bothell, Wash.-based company which builds enterprise software for mobile workforces, said it has raised $21.5 million in funding. The lead investor was New Enterprise Associates, and existing investors Canaan Partners, Intel (NSDQ: INTC) Capital, Mesirow Financial, Motorola (NYSE: MOT) Ventures and Sigma Partners, also participated. The same investors invested $36 million in funding in Feb. 2007. This time the round will current operations and new opportunities. In July, the company’s founder and CEO Rob Loughan was replaced by Michael Liebow. Loughan is now chairman of the board. Scott Sandell, General Partner at New Enterprise Associates, said in the release: “Today’s challenging economic environment makes deciding which companies to invest in more difficult than ever….We are impressed by Dexterra’s revenue traction in both enterprise and carrier markets, strong suite of products targeted at growing markets and unwavering dedication to product excellence and customer success.” Release.

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