Arizona-based InfusionSoft, a company that makes cloud-based CRM software for small businesses, raised $7.9 million in a Series B round led by vSpring with participation from Mohr Davidow Ventures.
“In some ways we’re like a Salesforce.com or SugarCRM, but we’re focused on companies with fewer than 25 employees,” said CEO Clate Mask. The company has about 10,000 subscribers at 2,000 sites paying $59 per-user-per-month on a Software-as-a-Service model. The new cash will go mostly towards new marketing efforts, Clate says.
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