SteelBrick, a US-based provider of price quote apps for businesses, raised yesterday $18m in a series B round backed by the corporate venturing arm of cloud computing company Salesforce.com.
The round was led by boutique venture capital firm Shasta Ventures and also featured Emergence Capital, as well as SteelBrick’s executives.
Emergence invested $6.5m in SteelBrick in May 2014, two months after the company had raised $5m in seed funding from its chief executive Godard Abel and angel investor Matt Gorniak.
SteelBrick offers configure, price and quote (CPQ) software which uses Salesforce’s Salesforce1 platform to help businesses produce sales quotes and track orders in real-time. Its customers include social media tools provider HootSuite and big data company Cloudera.
The series B funding will be used to support software development, increase SteelBrick’s sales and marketing efforts, and expand its service while supporting its teams.
Earlier this week, Salesforce led a $41m series B round for Apttus, a company that helps enterprises to manage sales contracts through Salesforce1.
– Image courtesy of SteelBrick