Kenandy, a US-based provider of enterprise resource planning (ERP) software, has received approximately $11.5m in a funding round backed by Salesforce Ventures, enterprise software producer Salesforce.com’s strategic investment unit.
Wilson Sonsini Ventures, the corporate venturing arm of legal firm Wilson Sonsini Goodrich & Rosati, also participated in the round, as did Kleiner Perkins Caufield & Byers (KPCB), Lightspeed Venture Partners and Kenandy founder Sandra Kurtzig.
The company did not officially reveal the size of the round but said it increased its total funding to more than $55m. It had disclosed $43.5m of funding as of 2013.
Kenandy has built a cloud ERP offering on the Salesforce platform that helps businesses to map out their business processes and execute applications to automate sales and purchasing processes.
John Somorjai, Salesforce’s executive vice-president of corporate development and Salesforce Ventures, said: “Salesforce Ventures has invested in Kenandy and other strategic partners who empower businesses to focus on running their company rather than their software.
“Kenandy has developed an ERP that quickly adapts to business process changes enabling rapid innovation and implementation.”
KPCB led a $10.5m series A round for Kenandy in 2011 that included Salesforce and Wilson Sonsini Goodrich & Rosati, before the three were joined by Lightspeed for a $33m series B two years later.