Summit Partners Posts

Gainsight Raises $20 Million In Series B

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Gainsight has raised $20 million in a Series B round of funding led by Bain Capital Ventures. Existing investor Battery Ventures and new investor Summit Partners also participated in this round. Gainsight is a customer success enterprise company that enables customer-driven companies proactively manage retention and reduce unexpected churn. The Gainsight platform uses big data analytics to evaluate sales data, usage logs, support tickets, and other customer intelligence to offer users with actionable insights and recommended best practices.  Gainsight’s software can be integrated with leading CRM systems including Salesforce.com, Oracle Sales Cloud, Netsuite, Microsoft Dynamics CRM, SalesLogix, and Siebel.

Clarabridge Raises $80 Million In Funding

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Clarabridge is a startup that has developed customer experience management (CEM) software.  Clarabridge has raised $80 million in equity funding led by Summit Partners, General Catalyst Partners, and Yuchun Lee.  Clarabridge will be using the funding to increase their marketing, employee count, and product development.
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Rocket Fuel Plans For $100 Million IPO

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Rocket Fuel is an ad network and data analysis company that is planning for a $100 million IPO, according to SEC filings discovered by VentureBeat.  The S-1 filing is missing the details about the stock price or the valuation forecast.
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The Iconic Raises Around $26 Million

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Online Australian fashion retail startup The Iconic has raised AU$28m ($26 million U.S.) in their latest round of funding.  The company has raised a total of AU$78 million ($71.8 million U.S.).  Some of The Iconic’s previous investors include JPMorgan and Rocket Internet.  The latest round is from Belgian investment holding firm Verlinvest.  AB Kinnevik and Summit Partners also participated in this round.
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Online Retailer Lazada Raises $100 Million

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Lazada is a Southeastern based online retailer that has raised $100 million from several investors.  Lazada was founded by Rocket Internet.  The funding was provided by existing investors Holtzbrinck Ventures, Kinnevik Investment AB, Summit Partners, and Tengelmann Group.  New investor, Verlinvest, also participated in this round.  Verlinvest is a family-run investment holding company.  This is Lazada’s largest round of funding thus far.
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COMS Interactive Raises $21 Million

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COMS Interactive is a health care software-as-a-service company that has raised $21 million in a new round of funding.  COMS’ flagship product is called Daylight IQ.  Daylight IQ is the first healthcare delivery system that is based upon disease management, clinical outcomes measurement, and performance improved based on long term care residents.
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Fashion E-Commerce Company ZALORA Raises $100 Million

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ZALORA
is an fashion e-commerce company based in South East Asia that has raised $100 million in funding.  ZALORA was incubated at Germany-based startup accelerator Rocket Internet.  Investors in this round include Rocket Internet, Summit Partners, Kinnevik, Verlinvest, and Tengelmann Group.  The company previously raised $26 million in funding in March 2012.

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Shoe E-Commerce Company Namshi Raises $13 Million

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Namshi is a Dubai-based shoe and fashion e-commerce company that has raised $13 million from Summit Partners.  Namshi spun out of the Rocket Internet startup incubator founded by the Samwer brothers in Germany.  Summit previously invested $1 million in Namshi this past January.  Including the $20 million investment form JP Morgan and Blakeney Management in September 2012, Namshi has raised a total of about $34 million.  Namshi launched in 2012 and they sell products in UAE, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain.  They are often compared to Zappos.

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