Vlocity Raises $50M for Industry Specific Software on Salesforce Platform

Vlocity Raises $50M for Industry Specific Software

Vlocity, a startup that provides customer relationship management software targeting specific industries, has raised $50 million led by Sutter Hill Ventures and Salesforce Ventures.

Vlocity is built on Salesforce.com’s platform and is a close partner. Salesforce.com is the largest source of leads for Vlocity, said David Schmaier, chief executive and founder of the San Francisco-based startup.

By Tomio Geron, Reporter, The Wall Street Journal

Also participating were strategic investors Accenture and New York Life, as well as Kennet Partners, TDF Ventures and Wildcat Venture Partners. Vlocity previously raised $42.8 million led by Salesforce with participation from Accenture.