Yesware, the email productivity software for salespeople company, added $1.2 million to its Series B round, bringing the round's total worth up to $14.7 million.
The Series B was originally closed in September and led by Battery Ventures, with participation from existing investors Google Ventures, Foundry Group, IDG Ventures and Golden Venture Partners. The extra $1.2 million was accepted "as a sign of loyalty to its current investors," according to the Wall Street Journal.
Friday's addition takes Yesware's total funding to $19.7 million.
Update 11/15 11:30 a.m.: Yesware Founder and CEO Matthew Bellows told BostInno of the funding:
"Right after we announced our Series B, several investors contacted us with offers to follow on in the round. There were a couple of interesting opportunities, but when I brought them to my board, they all proposed investing more themselves.
Brad Feld led the discussion when he said, 'I don't know what everyone else's view is but I'm a net buyer of Yesware stock right now.'
That support galvanized our inside investors to step up and fund this follow-on. The net result is that we can accelerate faster with no additional time spent on fundraising."
