Wednesday, June 9, 2010

Marketo raises additional $10 million in equity funding

http://www.btobonline.com/apps/pbcs.dll/article?AID=/20100428/FREE/100429907/1078/newsletter011

Lead management vendor Marketo has received $10 million in a fourth round of equity funding to fuel its continued growth.

The investment was led by Mayfield Fund, with participation from existing investors InterWest Partners and Storm Ventures. With this series D round of funding, Marketo has now raised $32 million.

Marketo, which focuses on the small-to-midsize market, said it has signed on some 500 customers in the past two years.