Revenue performance management solutions company Marketo Inc. has obtained $50 million in new venture financing. With this, the firm has raised $107 million in all since its inception in 2006.
The funding was led by venture capital firm Battery Ventures. Existing Marketo Investors Institutional Venture Partners, InterWest Partners, Mayfield Fund and Storm Ventures also contributed to funding. Battery Ventures general partner Neeraj Agrawal is joining the Marketo board of directors following the capital investment.
Click here for the release from PR Newswire