SpringCM raises $18 million in funding
SpringCM is a startup that provides content cloud services that has raised $18 million in funding from existing investors such as Foundation Capital. New investors that participated in this round include Square 1 Bank and Goff Capital. SpringCM is going to be using the funding to scale its direct sales and address the growing demand from enterprises for cloud services.
SpringCM’s revenue has substantially increased last year due to Salesforce.com customers looking to extend their investment in the Salesforce platform and enterprises migrating from legacy Enterprise Content Management (ECM) systems.
“There is a tremendous opportunity to help companies do more than simply store and share content in the cloud,” stated Greg Buchholz, Founder and CEO at SpringCM. “As the only provider of Content Cloud Services built for the enterprise from day one, we have a unique opportunity to advance this green-field market to levels unattainable by simple file sharing services. We have the product, the team and the expertise to win. We appreciate the support of our investors in helping us scale to realize our vision, and we especially appreciate the support of our nearly 400 customers who are using SpringCM to drive big business outcomes.”