Salesforce Ventures, a corporate venturing subsidiary of enterprise software provider Salesforce, has co-led a $47m funding round for US-based documentation software producer Conga.
Venture capital and private equity firm Insight Venture Partners co-led the round, having initially invested $70m in Conga in 2015. Salesforce Ventures had supplied an undisclosed amount for the company in June 2017.
Conga has developed software that runs on the Salesforce platform, enabling users to automate and simplify customer relationship data as well as documents, contracts and reporting.
The round follows Conga’s recent acquisitions of document management software provider Octiv, workflow automation app developer Orchestrate and legal document management platform Counselytics, all in the past three months.
The funding will go to strengthening the company’s Intelligent Document Automation product range, for which Conga intends to develop new productivity features, and will also support domestic and international expansion.
Conga CEO Matthew J. Schiltz said: “Our steadfast dedication to our customers’ needs for better Intelligent Document Automation has been on full display this year as we have aggressively grown the breadth and depth of the Conga Suite through product development and acquisitions.”