Marketing automation vendor Salesfusion received $8.25 million in Series B backing to continue the growth it experienced in 2013, when the company more than doubled its revenue and gross profits. The funding also will be used to build a new headquarters in Atlanta.
“We exited 2013 on a trajectory that will triple sales, revenue, and customers in 2014 as we continue to see increased traction in the midmarket-level business,” said Christian Nahas, CEO of Salesfusion.“Marketing automation is the fastest growing segment of the CRM market, which is the fastest growing segment of enterprise software. Salesfusion looks forward to being a big part of that growth.”
The funding comes from various investors specializing in cloud computing, including Noro-Moseley Partners, who led this round of investment, as well as BLH Venture Partners, and Hallett Capital.