Tealium, a maker of enterprise tag management technology, has raised $15.6 million in Series C financing. The company is backed by Tenaya Capital, Battery Ventures and Presidio Ventures.
Tealium, the leader in enterprise tag management, today announced record first quarter revenue, sales bookings and enterprise customer growth, while also raising $15.6M in Series C Financing from a trio of highly respected venture capital firms: Tenaya Capital, Battery Ventures and Presidio Ventures. Tealium’s achievements reflect the company’s success in landing major global brands with the fastest, easiest to use, and most data-focused tag management platform on the market.
“We are seeing incredible interest in our award-winning, innovative platform for managing the strategically important data layer of web sites and mobile applications,” said Jeff Lunsford, CEO at Tealium. “Our customers are achieving new levels of success as they deploy Tealium solutions to simplify tag management and regain marketing agility.”
Highlights in the quarter, ending on March 31, include:
A 185 percent increase in sales bookings compared to the same quarter last year, and a 245 percent increase in non-GAAP revenue during that same period
· The raising of $15.6M of additional growth capital in a Series C investment round led by Silicon Valley-based Tenaya Capital, to fund expansion of product development, customer operations and go-to-market resources. Battery Ventures, which lead Tealium’s $10.5M Series B round, and Presidio Ventures, the venture capital arm of Sumitomo Corporation, also participated. Tealium has now raised a total of $27M in financing.
Global enterprise customer growth to 250+ businesses that are focused on optimizing their digital presence across all channels.
The launch of Tealium DataCloud, a new digital data platform that provides a timely, cost-effective way for an organization to consolidate customer interaction data across all digital touch points
The release of major new feature updates to Tealium iQ, the company’s enterprise tag management solution, and Tealium Mobile, including new patent-pending capabilities
The launch of the industry’s first multi-CDN tag management delivery network, which leverages Limelight Networks, Akamai Technologies, and EdgeCast Networks to serve Tealium’s clients’ tags around the world in optimal fashion
The launch of two major customer initiatives: Digital Velocity, an annual user conference that drew more than 200 people to the Hard Rock Hotel San Diego in January, and Tag Management University (TMU), the industry’s first formalized tag management training program. On June 20, 2013, Tealium will host Digital Velocity Europe in London
· The opening of new worldwide headquarters in San Diego’s Torrey Pines Science and Technology Park
· Being named a finalist for Best New Technology by the Digital Analytics Association (DAA) in its 2013 Awards for Excellence program
“The Tealium team continues to surpass our expectations in all areas of execution,” said Neeraj Agrawal, general partner at Battery Ventures. “We are pleased to provide additional funding as their world-class team builds the clear category leader. We are big believers in the structural shift of budgetary dollars from traditional IT into the marketing suite as cloud-based service providers like Tealium allow companies to increase marketing agility.”
“We are incredibly pleased with our progress to date,” said Mike Anderson, chairman, CTO and co-founder at Tealium. “Our engineering and operations teams are advancing our solutions and expanding our platform at a pace unparalleled in the industry. This additional capital will fuel our growth and help us support our customers’ efforts to achieve new levels of success across all digital channels.”
“Tenaya Capital brings excellent software-as-a-service, e-commerce and cloud expertise to the table, with investments in market leaders such as Lithium, New Relic, Zuora, Kayak and Palo Alto Networks,” said Ali Behnam, president and co-founder at Tealium. “We are pleased to welcome Stewart Gollmer to Tealium’s board of directors. We are also thrilled to have Presidio Ventures as a new investment partner, giving us important access into the Asia-Pacific market.”
To find out more about Tealium, please visit www.tealium.com.
About Battery Ventures
Since 1983, Battery has been investing in category-defining ideas and high potential companies and management teams worldwide. The firm views its investment as a true partnership, and works hard to help its companies carve out unique positions, dominate markets and reach business goals. Battery funds companies in technology and related markets at the Seed, Early, Growth and Buyout stage. For a full list of Battery’s companies go to: http://www.battery.com/our-companies/list/
The firm has offices in Boston, Silicon Valley and Israel, and has raised more than $4.5B since inception. For more information, visit www.battery.com and follow @batteryventures.
About Tenaya Capital
Tenaya Capital is a leading venture capital firm with over $1 billion under management. The firm invests in high-growth technology companies in the enterprise software, consumer Internet, IT infrastructure, communications and electronics sectors. Tenaya Capital is currently investing out of Tenaya Capital VI. The firm has offices in Woodside, California, and Wellesley, Massachusetts. For more information, visit http://www.tenayacapital.com
About Presidio Ventures
Founded in 1998, Presidio Ventures is the wholly owned early stage investment vehicle of Sumitomo Corporation to identify the most promising growth industries and partner with the respective leading startups. Since its inception, Presidio Ventures has invested in over 130 +U.S. startups for a total investment amount of $200 +million. As a strategic investor, Presidio Ventures work with the companies to expand their business in the Japan and Asia markets.
Presidio Ventures has offices in Silicon Valley, Boston, and New York. For more information, please visit www.presidio-ventures.com.
Tealium is the leader in enterprise tag management, serving some of the most demanding customers in the world. Tealium’s web-based service makes it easy for digital marketers to deploy and manage their third-party vendor tags, and then correlate the data those tags generate into an actionable source. Using Tealium, organizations can streamline their digital marketing operations, increase the effectiveness of customer acquisition campaigns, and power their big data initiatives. The company differentiates itself through ease of use, scale and performance, and fanatical customer support. Select clients include Petco, Lenovo, A+E Networks, Mattel, Fox Networks Group, Urban Outfitters, Nokia, NHL, Sony Online Entertainment, and many more.