Pivot3, Austin, Tex., announced a $45 million equity and bank financing closing in February.
Argonaut Private Equity, Tulsa, Okla., a new investor in Pivot3, joined S3 Ventures, Austin, Tex., InterWest Partners, Menlo Park, Calif., Mesirow Financial Private Equity, Chicago, and the Wilson Sonsini Goodrich & Rosati investment fund, Palo Alto, Calif., in providing additional equity in the closing. As a part of this round, Steve Mitchell, managing director of Argonaut Private Equity, will join Pivot3’s board of directors.
