Domo Closes $60 Million Series B Financing


[Techtaffy Newsdesk]

Business intelligence software startup Domo has raised $60 million in Series B financing. These funds bring total investment in Domo to more than $125 million.

GGV Capital; Greylock Partners; Bezos Expeditions, the personal investment company of Jeff Bezos; Workday co-CEOs Aneel Bhusri and David Duffield; Founders Fund; and Mercato Partners, amongst others, invested in this round. IVP and Sorenson Capital’s Fraser Bullock, previous investors who were the first to commit to this series, also participated, as did a student run venture fund at Brigham Young University , Cougar Capital. Aneel Bhusri and GGV partner, Glenn Solomon, will become Domo board observers.

Domo announced its initial Series A closing of $33 million in July 2011, followed by a $20 million Series A extension in February 2012. The company also raised more than $10 million from angel and individual investors.

Domo was founded in October 2010 by Josh James, the founder of Omniture, an online marketing and Web analytics company acquired by Adobe in 2009. The company is still in stealth mode, but has acquired 100 paying customers.

[Image courtesy: Domo]

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