SharesPost
IndustryEnterprise Software
Founded2004
Total Funding$104M
CONTACT SHARESPOST ABOUT THIS COMPANY
Latest Funding Round InvestorsGoldman Sachs

SugarCRM is a customer relationship management software company. It started as an open-source project on Sourceforge, and the company still maintains a fully open-source version. Its revenue relies on professional editions and through the provision of support.

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People

Larry Augustin, CEO
Andrew Chmyz, CFO
Clint Oram, Co-Founder & CTO
Lila Tretikov, CPO

 

Investors
  • Goldman Sachs
  • New Enterprise Associates
  • Silicon Valley Bank
  • Gold Hill Capital
    Draper Fisher Jurvetson
    Walden Venture Capital 

  

 Followed VC Firm

Last Updated: 2 months ago

Thesis

Gartner predicts that CRM will represent the largest segment of enterprise software spend by 2017, growing to a $36.5 billion worldwide market. SugarCRM announced its Q2 2014 results in July of this year, marking 19 consecutive quarters of growth and reported a 30% annual increase in annual recurring revenue. In the first half of 2014 alone, SugarCRM signed a record total of more than 1,000 new customers, bringing its current total to nearly 7,500 —with more than 1.5 million end users worldwide. For two consecutive years, Gartner named SugarCRM a "Visionary" in its Magic Quadrant in both 2013 and 2014. Additionally, SugarCRM was named a 2014 AlwaysOn Global 250 Top Private Companies winner.