Simplus raises $20M

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Salesforce quote-to-cash company Simplus has raised $20 million. The round was led by Kensington – SV Global Innovations, with participation from Savano Capital Partners. Existing investors Salesforce Ventures, Cross Creek Advisors, Epic Ventures, University Growth Fund, also invested in the round, along with Simplus CFO Paul Fletcher and G2 Crowd CEO Godard Abel.

Silicon Valley Bank is providing $6.5 million in debt financing, said the company in a statement.

[Image courtesy: Simplus]