SugarCRM, a provider of commercial open source CRM software, has completed a $33 million equity and debt financing round. We’re told around $14 million of the round was equity financing. The investment round was led by New Enterprise Associates and includes participation from new investors Silicon Valley Bank and Gold Hill Capital as well as the company’s current investors Draper Fisher Jurvetson and Walden International. To date, SugarCRM has raised over $60 million in equity funding.
While Salesforce tends to grab the most attention as the cloud-based CRM company, SugarCRM has quietly built a loyal, and growing userbase around its customer relationship management platform for sales teams. SugarCRM applications have been downloaded more than ten million times and currently serve over 1 million users from over 6,000 companies in 192 countries. → Read More
SugarCRM, a provider of commercial open source CRM software, has launched Sugar Express, a low-cost, on-demand CRM that runs on SugarCRM’s global on-demand computing platform – the Sugar Open Cloud.
Like Sugar CRM’s other products, Sugar Express delivers sales, marketing and support features, complete with Sugar Plug-Ins for Microsoft Office and access to SugarCRM Customer Support. Sugar Express is offered as an annual subscription at $499 for up to five users or $799 for up to ten users per year. → Read More
Open source CRM software provider SugarCRM has closed $14.5 million Series D in a round that included original investors Draper Fisher Jurvetson, New Enterprise Associates and Walden International. SugarCRM started as open source project on Sourceforge, and the company still maintains a fully open source version. Its revenue relies on professional editions and through the provision of support. Total funding to date for SugarCRM now stands at approx. $41 million. Online jewelry store Ice.com has raised $47 million in “new venture capital” from Polaris Venture Partners. The online retailer opened its doors at the tail of the original web boom in 2001 and has grown to annual sales of $83.4 million. Under the deal, Polaris managing general partner Alan Spoon will take a seat on the Ice.com board. (via PEHub/ Internetretailer) CrunchBase Information SugarCRM ice.com Information provided by CrunchBase → Read More
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