In May, Adam Marchick left Bain Capital to start his own Palo Alto-based startup, Kahuna, which has already raised “several million” dollars and attracted as cofounder the founding CTO of SugarCRM, Jacob Taylor. Its tagline: “Harnessing the power of big data insights to deliver business value to mobile application developers.”
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SugarCRM said it raised $33 million in equity and debt financing in a round led by New Enterprise Associates and joined by new investors Silicon Valley Bank and Gold Hill Capital. Existing investors Draper Fisher Jurvetson and Walden International also participated. NEA Venture Partner Brooke Seawell joined the board. PRESS RELEASE SUGARCRM COMPLETES $33 MILLION FINANCING ROUND FOR [...]