Yammer, Inc., a San Francisco, CA-based provider of enterprise social networks, has raised $85m in its fifth round of funding.
The round, which brings the total amount raised by the company to date to $142m, was led by DFJ Growth, with participation from new investors Meritech Capital Partners, Capricorn Investment Group LLC, Khosla Ventures, and CrunchFund, as well as existing backers Charles River Ventures, Emergence Capital, Founders Fund, Social+Capital Partnership, and U.S. Venture Partners and angel investors Bill Lee, Max Levchin, and Ronnie Lott.
In conjunction with the funding, Randy Glein, managing director at DFJ Growth, will have an observer’s seat on Yammer’s board of directors.
The company intends to use the funding to scale its sales and engineering teams in the U.S. and internationally, as well as to consider potential strategic acquisitions and invest in building brand awareness among enterprise buyers. On March 1, Yammer will launch its first advertising campaign with print and online ads.
Led by founder and CEO David Sacks, the company provides Software-as-a-Service (SaaS) enterprise social networks, designed to enable employees inside companies to collaborate across departments, geographies, content and business applications.
Its basic version is free, and customers can pay to upgrade their network to receive additional administrative and security controls, priority customer service and a dedicated customer success manager.
FinSMEs
01/03/2012
