FinancialForce.com, a San Francisco, CA-based provider of enterprise resource planning services, raised $110m in new funding.
The round was led by new investor Technology Crossover Ventures, with participation from existing investor Salesforce Ventures. In conjunction with the funding, Tim McAdam, general partner at TCV, joined FinancialForce.com’s board.
The company, which has now raised $220m in total funding, including a $50m investment by Advent International in April 2014 (read here), intends to use the funds to further accelerate product development, sales, marketing, alliances and customer support.
Founded in 2009 and led by Jeremy Roche, CEO and President, FinancialForce.com provides customer-centric businesses with a cloud-based ERP and CRM platform built on the Salesforce1 Platform, which features Financial Management, Human Capital Management (HCM), Professional Services Automation (PSA), and Supply Chain Management (SCM) apps.
At the end of 2014, the company employed more than 450 people.