Domo Raises $60M in Series B Financing

Domo, an American Fork, UT-based provider of a SaaS executive management platform, raised $60m in Series B financing.

Backers included GGV Capital, Greylock Partners, Bezos Expeditions, Workday co-CEOs Aneel Bhusri and David Duffield, Founders Fund, Mercato Partners, IVP, Sorenson Capital’s Fraser Bullock, and Cougar Capital. In conjunction with the funding, Aneel Bhusri and GGV partner, Glenn Solomon, will join the company’s board as observers.

Led by Josh James, Domo provides a cloud-based executive management platform that gives users direct, real-time access to business information in one place. The company has 100 paying customers from several industries including media and marketing, telco, retail, travel and leisure, technology, financial services and professional services, etc.

Domo raised its initial Series A closing of $33m in July 2011 (read here) and a $20m Series A extension in February 2012 (read here). The company had also raised more than $10m from angel and individual investors, is currently hiring (read here).



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