Cloud content management company SpringC closed a $6 million financing this week, not long after it raised $18 million in April. In total, SpringCM has raised $45 million since 2010.
A 400 percent increase in upsells (existing customers buying more) during Q2 led SpringCM to close this round, which is a mix of debt and equity financing, because they need it for more sales hires, founder and CEO Greg Buchholz said.
“This growth rate is a testament to the caliber of our Customer Success team, as well as, the broad feature set in our SpringCM platform, so we need to hire aggressively to keep up with the growth in our Customer Success department,” Buchholz said.
Buchholz has already promised that the now 100-person company will reach at least 200 employees by next year; about 150 of those will be based in Chicago, with the rest working in San Francisco.