James's Domo Closes $125m Funding Round

Omniture co-founder Josh James's business intelligence firm Domo has closed $125m in Series C financing, which will be used to 'further expand sales as quickly as possible'. The latest funding brings the total raised to date to more than $250m.

James (pictured) set up Domo in 2011 with a $43m investment, and he has since raised a further $20m and $60m in separate rounds. His firm collects data - such as marketing material, customer relationship management (CRM) information, e-mails, presentations and stock market analyses - to deliver real-time intelligence to CEOs.

Domo's latest funding was led by TPG Growth, with participation from new investors Dragoneer Investment Group, Fidelity Investments, Morgan Stanley Investment Management, salesforce.com, T. Rowe Price, and Viking Global Investors, as well as from previous investors GGV Capital, Greylock Partners, IVP and Mercato Partners.

Commenting on the round, James said: 'At Omniture, I learned the importance of building relationships with public investors as a private company. With an eye towards becoming a public company, it's rewarding that we were able to achieve this objective and attract the best of the best. This additional capital will enable us to further expand sales as quickly as possible and will ensure that we can achieve our goals in an incredibly profound way.'

Web site: www.domo.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.