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September 1, 2015

Salesforce Ventures fuel $108m Apttus funding

Quote-to-Cash provider built solutions on the Salesforce1 Platform.

By Ellie Burns

Salesforce Ventures is one of a number of investors who has helped Quote-to-Cash provider Apttus raise $108 million in a Series C funding round.

Following a $37M Series A round in September 2013 and a $41M Series B round in February 2015, the funds raised will be used to provide new services to Apttus customers and prospects in fields such as manufacturing, life sciences, financial services and telecommunications.

Other investors in the round included Iconiq Capital, K1 Capital and KIA, with the latter leading the funding round.

The investment from Salesforce Ventures reinforces a long-standing partnership between the two companies, with the Quote-to-Cash provider having built its solutions upon the Salesforce1 Platform since its foundation.

"Salesforce Ventures is committed to investing in enterprise startups who are delivering technology that allows companies to connect with their customers in entirely new ways," said John Somorjai, EVP of Corporate Development and Salesforce Ventures, Salesforce.

"Apttus’ acceleration is a testament to the growth potential and power of the Salesforce1 Platform, across all industries."

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