SpringCM, a Chicago, IL-based cloud enterprise content management company, has secured $15m in financing.
This round includes existing investors Foundation Capital and North Bridge Venture Partners.
Silicon Valley Bank provided growth capital and working capital financing.
As also stated by CEO Chris Junker, the funds will be used to further develop and extend the company’s channel sales, partner relationships and research and development activities.
SpringCM provides companies with cloud solutions for business areas such as contract management, invoice automation and case management.