It takes prodigious amounts of cash to launch a company these days and that’s especially true when trying to insert a new idea into the collective consciousness. Salesforce spent well over US$100 million to convince us that SaaS CRM was real, Zuora has raised nearly twice that amount defining the subscription economy, and cloud ERP is following suit. FinancialForce today announced a financing round of $110 million from lead investor Technology Crossover Ventures, and Salesforce Ventures, which is Salesforce’s corporate investment group.
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Time's Up for Legacy ERP
Posted by: Denis Pombriant March 26, 2015 10:26 AMIt takes prodigious amounts of cash to launch a company these days and that’s especially true when trying to insert a new idea into the collective consciousness. Salesforce spent well over US$100 million to convince us that SaaS CRM was real, Zuora has raised nearly twice that amount defining the subscription economy, and cloud ERP is following suit. FinancialForce today announced a financing round of $110 million from lead investor Technology Crossover Ventures, and Salesforce Ventures, which is Salesforce’s corporate investment group.