Tuesday, April 15, 2014

Act-On Software Scores $42M Funding Round

Beaverton, Oregon-based Act-On Software, which develops marketing automation software for small and mid sized businesses, is announcing this morning that it has raised $42M in a venture financing round. The funding comes from Technology Crossover Ventures, and also included Norwest Venture Partners, Trinity Ventures, US Venture Partners, and Voyager Capital. Act-On, which is led by Raghu Raghavan, has now raised a total of $74M in venture funding since it was ofunded. The company said the new funds will go to accelerate its business, via new product development, sales expansion, and branding efforts. David Yuan of TCV joins the company's board with the funding.