SpringCM is cashing in on the rush to get a piece of the cloud, raising $18 million in venture funding.
The Loop-based software maker founded in 2005 has raised $50 million. The latest infusion comes from Foundation Capital of Menlo Park, Calif., Boston-based North Bridge Capital LLC and Goff Capital Partners of Fort Worth, Texas.
SpringCM could boost its staff by nearly half to 150 by year-end. “We've invested heavily in the product over the last five years,” CEO Greg Buchholz said. “We're going to ramp up sales and marketing.”