SugarCRM Raises $40 M of Seed Funding
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Cupertino, California – SugarCRM, a customer relationship management software company has raised $40 million of seed funding from Goldman Sachs. The top enterprise software provider has previously raised $60 million of funding since 2004.
“SugarCRM’s market momentum is being fueled by the global demand for more affordable, next-generation CRM systems designed for the individual user. Because we remain laser focused on bringing innovative solutions to the individual contributor first, while delivering superior value for our customers, we are driving increased interest in CRM in the enterprise market,” said Larry Augustin, CEO of SugarCRM.
As part of the funding deal, Antoine Munfa, a vice president at Goldman Sachs, has joined the board of SugarCRM.
Funding Total: $40,000,000
|Round||Date||Amount||Pre Amount||Post Amount|
|Investors: Goldman Sachs|