US-based IT incident management platform VictorOps has reached the $15m second close of a series B round featuring Shea Ventures, property developer JF Shea’s corporate venturing unit.
VictorOps closed the $12.2m first tranche of the round last month, with Foundry Group and Costanoa Ventures joining Shea Ventures, which led the tranche. It has not disclosed who provided the remainder of the funding.
Founded in 2012 as VictorOpx, VictorOps has created an incident management platform that helps IT teams collaboratively solve problems in real time. The funding will go to supporting company growth.
Todd Vernon, co-founder and chief executive of VictorOps, said: “We received a lot of interest in our series B financing.
“It became clear that the round was going to be oversubscribed, and we wanted to take our time to choose the right investors to partner with – firms that share our drive to improve the real-time incident management space and displace competitor solutions.”
Foundry led VictorOps’ $1.6m seed round in 2012 before returning for a $6.5m round the following year that was led by Costanoa. The two subsequently co-led a $10.6m round for VictorOps in November 2015.