Lithium Technologies Inks $53.4M

Emeryville, Calif.-based e-commerce and marketing company Lithium Technologies has raised a whopping $53.4 million in new capital. New investor New Enterprise Associates led the round, with participation from new backer SAP Ventures as well as “all existing Lithium investors,” the company said. Lithium previously raised capital from investors including DAG Ventures, Tenaya Capital, Benchmark Capital, Emergence Capital and Shasta Ventures. The Series D round will go towards growth, including bolstering sales and marketing efforts.

North AmericaUSBriefs