LinkedIn Twitter
Well-known CRM analyst and thought leader, Denis has made contributions to our thinking about cloud computing, CRM, social media, analytics and mobility. He runs the Beagle Research Group, LLC and is the author of "Solve for the Customer", "You Can't Buy Customer Loyalty, But You Can Earn It", and recently, "The Age of Sustainability". He frequently contributes to this and other outlets. Check out BeagleResearch.com, and AgeSustainability.com

One response to “Lithium’s Eye-Popping $53.4 Million”

  1. Mike Volpe - CMO @ HubSpot

    HubSpot is another example (and maybe the first company to do this big fund raise in the marketing software market) we raised $32 million in March 2011 from Sequoia, Google and Salesforce.com.

    I think these big funding rounds are a recognition that it does take a lot of $ to fund fast growth in SaaS – not the getting to market phase, but the scaling phase. You are essentially financing your customers, perhaps paying $20,000 in sales and marketing cost today for someone who pays you $1,000-$3,000 per month, for example.