Yammer Gets $17M VC Financing

Yammer Inc.has raised $17 million in its fourth round of venture capital financing. This brings the company’s total funding to $57 million. The investment round was led bySocial+Capital Partnership, a new venture fund set up by formerFacebookvice presidentChamath Palihapitiya.

Existing investors such asCharles River Ventures,Emergence CapitalandU.S. Venture Partnersalso participated in the fundraising process. Palihapitiya will serve as an observer on Yammer’s board of directors. The provider of enterprise social networks will use the additional funding to scale up operations across its offices in San Francisco, London and Melbourne.

Click here for the release fromBusiness Wire.