SugarCRM raises $20M more for open source CRM
updated
SugarCRM, an open source customer relationship management (CRM) software company, has raised $20 million more in financing, led by New Enterprise Associates, bringing its total funding to $46 million.
This is a hyper-competitive sector, and we’ve written about how SugarCRM shrewdly has teamed up with NEA, where partner Scott Sandell had a front-row seat in watching the moves of competitor Salesforce.com.
The company says it will use the funding to help expand to Europe and Asia, among… Continue Reading
SugarCRM takes $14.5M for CRM software
An online customer relationship management system notorious for taking its software open-source, SugarCRM has so far defied its early critics by continuing to attract new clients and investment.
The Cupertino, Calif. company is a competitor to web giant Salesforce.com.We also wrote about it way back in 2005.
The $14.5 million is part of a $20 million fourth round of funding, according to peHUB. Return investors Draper Fisher Jurvetson, New Enterprise Associates and Walden International participated in the… Continue Reading