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 round.
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Tags: co:sugarcrm, inv:Draper-Fisher-Jurvetson, inv:New-Enterprise-Associates, inv:Walden-International
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.