We hear that the paperwork has just been signed on a monster new funding round for Yammer. There was more than $100 million in interest, and the company took just north of $50 million, last we heard, although that may still creep up as the deal closes.
The earlier reports of fundraising may have been premature, because our source very close to the deal tells us it came together in a rapid 48 hours. It’s hard to believe the company has kept a lid on the news since January.
Yammer Founder and CEO David Sacks declined to comment.
Yammer has nearly 200,000 business networks on its site, and although we weren’t able to confirm the revenue numbers, the company recently hired David Obrand, the former VP of sales for Salesforce. People like that don’t usually join a company unless revenue is starting to seriously hockey-stick. Sacks has said in several previous interviews that revenue tripled last year.
Separately, Yammer competitor Jive reported its first quarter as a public company today and revenues were up more than 50%.
We weren’t able to confirm Yammer’s valuation, but I would be surprised if Yammer weren’t nearing the $1 billion valuation club that so many other hot enterprise companies are now members of. [UPDATE: A source who looked at the deal early-on says the valuation was closer to the $500 million-range. We're still not sure where it ended up.]
As a side user note, Yammer is sticky as hell. After using (and sometimes complaining about) it at TechCrunch, I lasted about two weeks running a new company before we installed it and made it mandatory.
[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $ 85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $ 85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $ 85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $ 85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $ 85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $ 85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $ 85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $ 85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised million in new funding, bringing the total [...]
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Like[...] social network and communications platform Yammer has finally closed that big round we and PandoDaily heard about earlier this year. The company has raised $85 million in new funding, bringing the [...]
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LikeGreat article! It would be awesome to get the exact deets, though I'm sure Yam likes to keep things quiet.
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LikeMaria, a simple "Thank you" would have been fine. But the flowers and the chocolates... too much!
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Like[...] Yammer Closing Monster $50M+ Funding Round Imminently, pandodaily.com [...]
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Like[...] is closing a $50M funding round. [...]
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Like[...] Yammer Closing Monster $50M+ Funding Round Imminently We hear that the paperwork has just been signed on a monster new funding round for Yammer. There was more than $100 million in interest, and the company took just north of $50 million, last we heard, although that may still creep up as the deal closes. http://pandodaily.com/2012/02/07/yammer-closing-monster-50m-funding-round-imminently/ [...]
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Like[...] million from interested investors, but Yammer may have settled on half that amount, according a PandoDaily report that cites sources familiar with the [...]
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LikeI'd love to get yammer going at my company, but I'm struggling to see how to pitch it? "Communication" is too broad -- anyone give me some literal examples of how its helped the business?
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Liketrying to understand that if you can not find a business reason then why would you like to get it going in your company? no offence meant, just curious..
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LikeI think the communication angle and the transparency (and decrease in email) are good, but they're too abstract for the guys that'd pull the trigger. They'd want real world examples of how other companies have used Yammer to help them be more successful, is all.
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LikeHere are some resources: https://www.yammer.com/solutions https://www.yammer.com/customers
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LikeDerek, nice to meet you! My name is Maria and I work at Yammer. I don't want to link spam here in the comments, but our solutions page may help you get the right tools in your arsenal: https://www.yammer.com/solutions. Please feel free to reach out to me via email and I'll connect you with someone at Yammer to help you pitch it and get things going. You can reach me at maria (at) yammer-inc.com Cheers! -Maria
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LikeMaria, you've got a typo on your page link. It's right there on the first line. Now I'm going back to work out what your company does:)
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LikeWhy not put a link to the company's website in the article? (If there is a link - I cannot see it :) )
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LikeIt is. Even when annoyed by it, I can't dream of running a business without it.
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