Tealium Raises $20 Million in FinancingTuesday, April 29, 2014
San Diego-based Tealium received an additional $20 million in growth financing led by Silicon Valley investment firm Silver Lake Waterman, the company announced.
Tealium, which focuses on enterprise tag management — collecting information from site visitors — and digital data distribution platforms, said the funds will be used to accelerate global expansion across all business segments.
The funding brings the total amount the company has raised since January 2012 to $47.5 million, with Battery Ventures and Tenaya Capital leading earlier financings, Tealium said.
“Enterprises will continue to invest heavily in technologies that improve their customers’ experiences across all digital touch points, and we see Tealium as the market leader in the space,” said Shawn O’Neill, managing director and co-head of Silver Lake Waterman.
The company also released first-quarter results, saying that it had 120 percent revenue growth in the first quarter.
The company was founded in 2008, and Jeff Lunsford is its CEO.