TechCrunch 11 March 2013
Domo, the SaaS business intelligence startup launched by Omniture founder Josh James, has raised $60 million in new funding, we’ve learned exclusively. The round was led by GGV Capital with Greylock Partners; Bezos Expeditions, the personal investment company of Jeff Bezos; co-CEOs of Workday Aneel Bhusri and David Duffield; Founders Fund; and Mercato Partners all participating.
In addition, IVP and Sorenson Capital’s Fraser Bullock, previous investors who were the first to commit to this round, doubled down, we’re told. BYU’s student-run venture fund, Cougar Capital, also participated and Aneel Bhusri and GGV partner, Glenn Solomon, will become Domo board observers. Domo previously raised $63 million from Institutional Venture Partners, Benchmark Capital, Andreessen Horowitz, SV Angel, Marc Benioff, SuccessFactors founder Lars Darlgaard and Hummer Winblad. While the valuation in the round was not revealed, James said the jump was “meaningful enough to take the dilution of stock.”
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