Send Word Now Raises $14 Million

NY-based Send Word Now has announced a $14 million Series D round of funding today. peHUB reports that Send Word Now had previously raised $19 million. Palisade Capital Management led the round, and was joined by return backers Southpaw Asset Management and Ascend Venture Group.

Send Word Now makes SaaS (software-as-a-service) emergency notification, on-demand alerting and response services. They are heavy in the text messaging space and apparently can send hundreds-of-thousands of text messages in minutes when an emergency arises.

Send Word Now CEO Tony Schmitz noted that the new funding will be used for software development, infrastructure, sales and marketing.