– Yammer, the developer of a microblogging service for businesses, has raised
$10 million in its second round of venture capital financing, led by Emergence
Other investors in the round included Ron Conway, and previous backers
Charles River Ventures and Goldcrest Investments.
Launched in 2008, San
Francisco-based Yammer says its internal microblogging service is now being
used by more than 60,000 organizations.
Both free and premium versions are offered
by Yammer, which said it will use the new funds to accelerate product
innovation and increase sales coverage.