Wellington Financial joins $17.5 mln financing of SpringCM
SpringCM Inc, a U.S. sales contract management solutions provider, has raised US$17.5 million in follow-on funding. The round was backed by existing investors, including Foundation Capital, North Bridge Venture Partners, Bluestem Capital and Square 1 Financial, as well as new investors, including Wellington Financial, a Canadian specialty finance firm. Chicago-based SpringCM has developed a software platform that streamlines contract processes for sales and legal teams to increase revenue, reduce costs and improve efficiency. It plans to use the funds raised to support a next phase of growth.
27 June 2016•4 mins read
