SugarCRM, a Cupertino, CA-based customer relationship management (CRM) company, has completed a $33m equity and debt financing round.
The investment round was led by New Enterprise Associates (NEA), with participation from new investors Silicon Valley Bank and Gold Hill Capital as well as current investors Draper Fisher Jurvetson and Walden International.
In conjunction with the financing, Brooke Seawell, Venture Partner at NEA, has also joined SugarCRM’s Board of Directors.
The company intends to use the funding to continue its advancement into the enterprise market and to pursue strategic business opportunities.
Led by CEO Larry Augustin, SugarCRM provides On-Site and Cloud Computing applications to Over 7,000 organizations with over 1,000,000 end users in 192 countries.
The company is currently hiring (http://www.sugarcrm.com/about/join-worlds-fastest-growing-crm-company).