Fenwick & West LLP represented Insightly, Inc., the business freemium customer relationship management (CRM) market leader, in its recently announced $10 million Series B financing. The round was led by Matt Holleran, founder and managing director of Cloud Apps Management, LLC, and included investments from Emergence Capital Partners, Sozo Ventures and TrueBridge Capital Partners. In addition, both Holleran and Gordon Ritter, founder and general partner of Emergence Capital Partners, joined the company’s board.
The new investment will help the company expand globally, fund its partnerships and integrations with other leading business freemium and software-as-a-service (SaaS) application companies and resellers, and continue enhancing its web and mobile applications. More information about Insightly’s $10M Series B financing can be obtained from the company press release.