Yammer has raised another charming little pot of dough -- US$ 17 million -- thanks in part to Chamath Palihapitiya, Facebook's former Vice President of Growth, Mobile and International. The injection brings Yammer's total financing to US$ 57 million.
From Facebook to Yammer
Yammer's no stranger to landing bags of money. In November of last year, the platform raised US$ 25 million in a round led by U.S. Venture Partners, along with Emergence Capital, Charles River Ventures and Founders Fund. The money was slated to be used for global expansion and tripling the marketing team.
This time around, however, it was more personal than dollars. David Sacks, Yammer's founder and CEO, had his sights set specifically on Palihapitiya: "Having just raised capital in November, we didn’t necessarily need additional funding right now. But we really wanted to get Chamath on board,” he said. “Chamath is one of the most insightful people in tech and his experience at Facebook will prove invaluable to us as we scale Yammer in the years to come."
Palihapitiya, who will now warm an observer's seat on Yammer's board of directors, isn’t the first Facebook alum to move over to Yammer. He joins Sean Parker, Facebook's founding president, now on Yammer’s Board of Directors, and early Facebook investor Peter Thiel.
“Social is in our DNA,” explained Sacks. ”It’s the core of what we do, not an add-on to what we do. And that’s reflected by who’s involved in our company, who we choose to surround ourselves with and whose advice and ideas we actively seek.”
Get it While the Gettin is Good
Obviously, you don't need anyone to tell you that Yammer is growing rapidly. The platform has been adopted by over 100,000 businesses in 160 countries in less than three years, including employees at more than 80 percent of the Fortune 500.
Earlier this year, Sacks and co. upped their game in a huge way with the release of three new business integrations and an agenda that outlined an entire social layer-- not just a souped-up microblogging platform.
Accordingly, this week's extra pocket change will be used to scale operations across Yammer's San Francisco offices, as well as those in London and Melbourne (job seekers, heads up).