Yammer Receives $10,000,000 Series B Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a9b6be11-b427-4464-ab5d-c95e5eeea6a8&Preview=1 -
Date
2/3/2010 -
Company Name
Yammer -
Mailing Address
410 Townsend St San Francisco, CA 94107 -
Company Description
Yammer is a tool for making companies and organizations more productive through the exchange of short frequent answers to one simple question: ‘What are you working on?’As employees answer that question, a feed is created in one central location enabling co-workers to discuss ideas, post news, ask questions, and share links and other information. Yammer also serves as a company directory in which every employee has a profile and as a knowledge base where past conversations can be easily accessed and referenced. -
Website
http://www.yammer.com -
Transaction Type
Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Series B -
Proceeds Purposes
The company says it will use the new cash to “accelerate product innovation and increase sales coverage.” Here’s the release, via AllThingsD. -
M&A Terms
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Venture Investor
Emergence Capital Partners -
Venture Investor
Charles River Ventures -
Venture Investor
Undisclosed
