Yammer Receives $85,000,000 Series E Financing Round
Feed Type
Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=678020d8-10a6-432a-aa2b-131dc8931882&Preview=1
Date 2/29/2012
Company Name Yammer
Mailing Address 410 Townsend St San Francisco, CA 94107
Company Description Yammer is a tool for making companies and organizations more productive through the exchange of short frequent answers to one simple question: ‘What are you working on?’As employees answer that question, a feed is created in one central location enabling co-workers to discuss ideas, post news, ask questions, and share links and other information. Yammer also serves as a company directory in which every employee has a profile and as a knowledge base where past conversations can be easily accessed and referenced.
Proceeds Purposes Yammer will use the additional financing to rapidly scale its sales and engineering teams in the U.S. and internationally. This growth round of funding will also allow Yammer to consider potential strategic acquisitions and invest in building brand awareness among enterprise buyers.