Centric Software is a Los Gatos, CA–based provider of product lifecycle management (PLM) software for retail, apparel, footwear, luxury and consumer goods companies. Its flagship Centric 8 PLM suite manages product development, sourcing, business planning, quality management and collection management, and is delivered via an Agile Deployment methodology. Centric emphasizes ease of use and rapid implementation and has been recognized by Frost & Sullivan, WhichPLM and Red Herring. The company serves marquee brands and consumer products companies and has reported rapid growth. Management stated the new funding will support Asian expansion and an acceleration of product innovation. In July 2014 Centric closed $24 million in growth capital as part of its Series D financing. Centric Software develops PLM software—Centric 8—used to manage product development, sourcing, business planning, quality management and collection management for retail and consumer-goods brands. The company is led by president and CEO Chris Groves and is based in Campbell, CA. Centric 8 is positioned for apparel, footwear, luxury and other consumer goods firms and counts customers such as Balenciaga, Crocs, JD Sport Fashion, Proenza Schouler and Longchamp. Centric intends to use new capital to continue development of its platform and to build additional mobile solutions. The company also plans to increase its growth efforts in Europe. Centric closed a $19m Series C, which strengthens its financial position for product and market expansion. Centric Software provides product lifecycle management (PLM) solutions for makers of hard and soft lines in the fashion and consumer goods industries. Its Centric 8 platform delivers functionality to manage product development, sourcing, line planning and profitability management, aiming to cut costs, speed products to market, improve margins and enhance global collaboration and compliance. The company recently introduced the Centric 8 Collection Book for Fashion iPad App, an interactive, patent-pending mobile app. Centric plans to use the $7.5M Series C to accelerate product and business development, advance additional mobile apps for PLM, maintain focus on the luxury fashion sector, and expand in the United Kingdom, France, Italy and New York. The round was led by Oak Investment Partners with participation from Masthead Venture Partners and ABS Ventures. Customers include INTERSPORT France, Christine Laure, Balenciaga, The Coleman Companies, KlimUSA, Bass Pro Shops, Bravo Sports, Longchamp, Silver Jeans and United Stationers. Centric Software provides technology offerings. The company completed a $14.3 million Series B venture capital financing to help ramp up growth and increase market awareness of its technology offerings. The round was led by Insider Oak Investment Partners and joined by Masthead Venture Partners and BancBoston Ventures. With this financing, Centric now has about $47 million in total venture funding. That total follows a 2004 recapitalization that included $33 million from Insider Oak and Masthead. Boston Capital Ventures and BancBoston Ventures were carry-overs from the group of prior investors.

Total raised

$65M

Funding rounds

4

Latest round

Series D

Latest activity

Jul 2014