Gunderson Dettmer client Elephant led an $18 million Series A investment in Ireland-based Keelvar, a developer of automation and optimization software for enterprise procurement, along with co-client Mosaic Ventures.

Discussing the investment, Peter Fallon, partner at Elephant noted: “Keelvar’s sourcing optimization and automation software delivers meaningful ROI to enterprise sourcing and procurement organizations globally. We are excited to partner with Alan Holland and the team at Keelvar as the company continues to emerge as a leader in this market.”

The Gunderson Dettmer deal team was led by Michael Hacker and included Christopher Warren, Frances Sevilla-Sacasa and Keith Syverson.