San Diego-based Tealium, which provides Web-based website tag management services, says today it has raised $15.6 million in a Series C round of venture funding.
Tenaya Capital, with offices in Woodside, CA, and Wellesley, MA, led the round, which was joined by existing investor Battery Ventures and Presidio Ventures, the venture capital arm of Japan’s Sumitomo corp. The startup founded in 2008 says it has raised a total of $27 million altogether, including some prominent individual investors.
In a statement earlier today, the company says it plans to use the proceeds to expand product development, customer operations, and go-to-market resources. Tealium named former Limelight Networks CEO Jeff Lunsford as CEO at the beginning of the year, and the company went on something of a tear during the first quarter.
When I talked with Lunsford in December, he said Tealium had 140 customers and was growing at a rapid rate. Today the company says it now has more than 250 global enterprise customers. During the three months that ended March 31, Tealium says it also experienced a 185 percent increase in sales bookings, and a 245 percent increase in non-GAAP revenue, compared to the same quarter last year.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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