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Meritech Capital

ServiceMax Raises $71M

Field service management company ServiceMax has closed $71 million in Series E financing. The round was led by Meritech Capital, with participation from Kleiner Perkins Caufield & Byers, as well as new investors Cross Creek Advisors, QuestMark Partners, and Sozo Ventures. Existing investors Emergence Capital Partners, Mayfield Fund, Trinity Ventures, Crosslink Capital, Adams Street Partners, and Salesforce, also invested.

Prosper Raises $20M, Hires New CEO

Prosper, a peer-to-peer financing platform to invest and borrow money, has raised a $20 million round of financing from Sequoia Capital. All existing investors also...