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Workday Raises $75 Million Round Led by NEA: Total Funding Now Exceeds Whopping $150 Million
Submitted by Magitam from Google Reader
Apr 29, 2009


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Last summer, legendary entrepreneur Dave Duffield predicted that his newest startup, Workday, could become the second coming of PeopleSoft, which  Duffield founded and grudgingly sold to Oracle in January 2005 for $10.3 billion.


Whether or not that proves true, Workday — an enterprise resource planning company that delivers its software online — has been fast gaining traction. It now has 340 employees and roughly 80 customers, including numerous Fortune 500 companies, including Chiquita Brands and Flextronics, companies with global workforces of 150,000 employees and 23,000 employees, respectively.


More, investors have wholeheartedly bought into Duffield’s vision. In addition to the past, including some undisclosed, rounds of funding that had totaled $75 million — money that came from Greylock Ventures and Duffield himself — the company has just raised an additional $75 million in a Series E round led by New Enterprise Associates, which chipped in just north of $45 million. Duffield and Greylock contributed the rest.


NEA has the money, of course. A recent filing

...Read the full article

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