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Goldman Sachs leads $57m Spiceworks Series E round

4 Feb 2014

healthcare ITGoldman Sachs has led a $57m investment into IT industry professional network Spiceworks through a Series E round.

The funding brings the total raised by Spiceworks to $111m. Goldman Sachs managing director David Campbell has joined the company’s board of directors following the cash injection.

He said, “The emergence of professional networks like Spiceworks represents the next wave of social innovation.

“Spiceworks has a unique platform for technology brands to directly access a rapidly-growing, critical, and underserved market of IT professionals that commands over $525 billion of spend today.”

Spiceworks’ network boasts more than five million IT professionals across 3,000 brands, and is used in over 200 countries.

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