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

SugarCRM is a developer of commercial open-source customer relationship management applications. Through its various software applications the company provides customer relationship management tools, campaign management, opportunity tracking, account management, sales forecasting, customer support capabilities and reporting functionalities.  

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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: 1 month 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 a record-breaking fourth quarter, growing 81% year-over-year in annual recurring revenue and 106% year-over-year increase in the average of seats per new customer. Currently, SugarCRM provides its services to over 1.5M individuals in over 120 countries in 26 languages. SugarCRM has received numerous industry awards. PC Magazine readers voted SugarCRM the vest CRM system in PC Magazine’s Business Choice Awards. Additionally, SugarCRM was named an 2015 AlwaysOn Global 250 Top Private Companies winner, IBM Beacon Award Winner for outstanding commerce solution and listed among 2015 CNBN Disrupter top 50 companies.

SugarCRM is a current holding of the SharesPost 100 FundFund PerformanceComplete Fund Holdings