Spiceworks has raised $57 million

Posted Feb 4, 2014

Spiceworks is a software development company based in Austin, Texas that hits around 5 million monthly unique visitors. Spiceworks has raised  $57 million in funding. The website is a free and professional network for people in IT. Spiceworks generates revenue mostly through ads and a small percentage of their revenues come from IT purchases made through their platforms. Spiceworks has around 250 employees across Austin and London. The company plans to hire around 90 more people in 2014. Goldman Sachs led this round of funding. Spiceworks has raised a total of around $111 million thus far.
[Source: VentureBeat]