Laszlo Systems, Inc. is a San Mateo, CA–based provider of rich communication applications. Its core product set centers on rich communication applications for enterprise customers. The company secured a debt facility from MMV Financial. Laszlo plans to use the capital to fund working capital requirements and to support additional customer acquisitions. America’s Growth Capital (AGC Partners) acted as placement agent on the transaction, with a team led by Rob Buxton. The announcement did not disclose financing size or operating metrics. Laszlo develops an open-source platform for building and deploying Ajax applications, anchored by its Laszlo Webtop product. Laszlo Webtop is an extensible suite of RIA and Web 2.0 communication and collaboration applications. The Webtop suite is used by companies including Monster, Walmart, T Rowe Price, Pandora, Barclays Global, IBM, and H&R Block. The company is based in San Mateo. Laszlo said it will use the new funding to expand product development and sales distribution for Laszlo Webtop. The new financing brings the company’s total funding to around $32.6 million.

Total raised

$7M

Funding rounds

2

Latest round

Series C

Latest activity

Mar 2008