Domo, a US-based, cloud-based executive management, business intelligence platform, has closed $125m in series C financing, bringing its total funding to more than $250 million. TPG Growth led the round, while Dragoneer Investment Group, Fidelity Investments, Morgan Stanley Investment Management, salesforce.com, T. Rowe Price and Viking Global Investors also participated. Previous investors GGV Capital, Greylock Partners, IVP and Mercato Partners also joined the round. Allen & Company LLC served as an advisor.
Josh James, co-founder of Domo, said: “We spent our first two years developing a product to change the face of enterprise software and to change the speed of business. Over the last year, we built up our leadership team and have created a solid foundation for sales and marketing. We’ve been closing deals at an unprecedented rate and our reps are regularly blowing past quota. This additional capital will enable us to further expand sales as quickly as possible and will ensure that we can achieve our goals in an incredibly profound way.”