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Simplus closes $9.3 million funding round

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Simplus, a Salesforce-certified partner working on Quote-to-Cash implementations, has closed a Series B funding round of $9.3 million. Epic Ventures led Simpus’ investment, and was joined by existing investor Salesforce Ventures, as well as Cross Creek Advisors. In another development, the company acquired consulting firm CRM Manager.

Simplus additionally raised $8.5 million in debt financing from Silicon Valley Bank for a total of $17.8 million. A portion of the $9.3 million equity infusion was used to acquire CRM Manager.

CRM Manager is Simplus’ fourth Salesforce partner acquisition, since the company received Series A funding in Q3 2016. Other Simplus acquisitions include BaldPeak, Basati and EDL Consulting.

[Image courtesy: Simplus]

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