AAA TenXer sees True for $3m

TenXer sees True for $3m

Personal productivity startup TenXer has raised a $3m series B round led by early-stage venture firm True Ventures, with participation from existing backer Radar Partners and new investments from venture firm Khosla Ventures and a consortium of unnamed angel investors.

San Francisco-based TenXer has now raised a total of $4.7m in venture funding. In September 2011, principal investment firm Radar Partners provided money for TenXer’s series A round.

In June Tenxer raised between $1m and $2m from a consortium including search engine Google’s corporate venturing unit. Alongside Google Ventures, were Radar Partners, True Ventures, Social+Capital Partnership, Webb Investment Network and Founders Fund Angels and other angel investors including Dave Jeske, David Helfrich, Harris Barton and Ed Vilandrie.

“The quantified self is a tremendous movement that has penetrated places like health care, fitness and social planning but it is still untapped by those looking to improve at their jobs. We are going to do our best to change that,” said TenXer chief executive officer Jeff Ma.

Puneet Agarwal, a partner at True Venture who will be joining the TenXer board of directors as part of the deal, said: “We love to partner with the most dynamic, promising entrepreneurs out there, and Jeff’s background and the huge market he is attacking made investing in tenXer a no-brainer for True.”

TenXer plans to use the recently raised funds to grow its team, and to also expand its service outside the software engineering industry.

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