Vertex sweetens CloudCherry series A

Vertex Ventures, backed by Temasek, has contributed to a $6m series A round alongside corporate investors IDG Ventures and Cisco Ventures.

CloudCherry, an India-based customer experience management platform, has raised $6m in series A capital from a consortium including Vertex Ventures, the Economic Times wrote on Saturday.

Vertex, a venture capital firm backed by Singapore's sovereign wealth fund Temasek, invested alongside IDG Ventures and Cisco Ventures, respective investment arms of media company International Data Group and networking equipment manufacturer Cisco.

Founded in 2013, CloudCherry operates a software-as-a-service platform that enables companies to track, measure and improve customer experience. It is majority-owned by Customer Analytics Technologies.

The capital will go towards international expansion efforts, including Southeast Asia, west Asia and the US.

IDG Ventures India and angel investment group Chennai Angels previously provided $1m in seed funding in July 2015.

See more from this Government Report: Singapore


Copyright Mawsonia Limited 2010. Please don't cut articles from or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Venture capital firms in Iran’s legal system

    July 27, 2018

  2. Telus joins League in $47m round

    July 27, 2018

  3. Ascletis to clear $400m in IPO

    July 27, 2018

  4. Bloom Energy generates $270m in IPO

    July 27, 2018

  5. Bharat Innovation Fund ushers in first close

    July 27, 2018