SugarCRM Pours On $20M

Cupertino-based SugarCRM said today that it has completed a $20M expansion funding for the firm. The round was led by New Enterprise Associates, and also included Draper Fisher Jurvetson and Walden International. According to the company, the funding brings the company's total raised to $46M. SugarCRM said the funding will go to fund continued growth, research and development, and global expansion in Europe and Asia. SugarCRM develops an open source, customer relationship management (CRM) software tool. More information »