Tealium Raises $15.6M from Tenaya, Battery, and Presidio Ventures

4/3/13Follow @bvbigelow

San Diego-based Tealium, which provides Web-based website tag management services, says today it has raised $15.6 million in a Series C round of venture funding.

Tenaya Capital, with offices in Woodside, CA, and Wellesley, MA, led the round, which was joined by existing investor Battery Ventures and Presidio Ventures, the venture capital arm of Japan’s Sumitomo corp. The startup founded in 2008 says it has raised a total of $27 million altogether, including some prominent individual investors.

In a statement earlier today, the company says it plans to use the proceeds to expand product development, customer operations, and go-to-market resources. Tealium named former Limelight Networks CEO Jeff Lunsford as CEO at the beginning of the year, and the company went on something of a tear during the first quarter.

When I talked with Lunsford in December, he said Tealium had 140 customers and was growing at a rapid rate. Today the company says it now has more than 250 global enterprise customers. During the three months that ended March 31, Tealium says it also experienced a 185 percent increase in sales bookings, and a 245 percent increase in non-GAAP revenue, compared to the same quarter last year.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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