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General Catalyst leads $20m round for Black Duck Software

4 Sep 2014

black-duck-731620-mGeneral Catalyst Venture Partners has led a $20m funding round for software logistics company Black Duck Software.

All existing investors also participated in the round, said Black Duck, which provides solutions which enable the use and management of open source software (OSS).

This is software that can be freely used, changed, and shared by anyone via a source code made available with a license.

Black Duck said the will use the cash to help the company expand its global go-to-market model to fulfill the growing OSS Logistics market opportunity.

General Catalyst Partners managing director Larry Bohn said, “We’ve partnered with Black Duck since it was founded, and over the past decade the company has successfully evangelized and supported the safe and proper use of open source software for thousands of enterprises worldwide.

“Now that OSS has matured and become ubiquitous across organizations of all sizes, they are ready to drive the next phase of explosive innovation and growth in the market.”

Black Duck has also announced the appointment of Stephen Gregorio as its chief financial officer and executive vice president.

Gaming startup Super Evil Megacorp raised $11.6m round led by General Catalyst, taking its fundraising total to more than $15m in July this year.

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