Posted by : Brij Bhushan Wednesday 29 May 2013

Bloomfire

Bloomfire, the Austin, Texas-based startup that makes cloud-based content-sharing software for enterprises, has taken on an additional $2 million from Silver Creek Ventures as an add-on to its $8 million Series A funding round previously announced back in March.


This brings the total investment into Bloomfire, which was founded in 2010, to $20 million. In addition to Silver Creek, Bloomfire’s investors include Austin Ventures and Redpoint Ventures.


The funding was disclosed today in a regulatory filing with the SEC, and confirmed by a Bloomfire spokesperson who provided the following statement:



“The $2 million is additional funding, incremental to the $8 million raise in March. This is a proactive investment from Silver Creek who liked our team, the market space and progress to date and wanted to participate in our growth. We are pleased to be working with Michael Segrest and the rest of the team at Silver Creek Ventures.”



Enterprise in general is of course a hot space of late, and Bloomfire itself has had a year of solid growth. The company now has more than 65,000 active users and more than 250 paying customers including the likes of Etsy and Bechtel, my colleague Rip Empson reported back in March. Of course, the competitive landscape is as crowded as ever, so these new infusions of funding could help Bloomfire work to keep an edge and foster even more growth in the months ahead.







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