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ChannelWave wins $26.5 million

ChannelWave Software said Monday that it has raised a $26.5 million third round of funding, led by Softbank Venture Capital. Other investors included ABS Capital Partners, Lazard Technology Partners and Ironside Ventures. Cambridge, Mass.-based ChannelWave has raised a total of $59 million and received a decline in valuation with its latest round, a company representative said. The company?s software automates and manages the relationship between enterprise-software sales teams and their sales partners, such as training for the partners to collaborate between the two groups. Softbank is an investor in CNET Networks, the publisher of CNET News.com. See complete list.

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
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Dawn Kawamoto
ChannelWave Software said Monday that it has raised a $26.5 million third round of funding, led by Softbank Venture Capital. Other investors included ABS Capital Partners, Lazard Technology Partners and Ironside Ventures. Cambridge, Mass.-based ChannelWave has raised a total of $59 million and received a decline in valuation with its latest round, a company representative said. The company?s software automates and manages the relationship between enterprise-software sales teams and their sales partners, such as training for the partners to collaborate between the two groups.

Softbank is an investor in CNET Networks, the publisher of CNET News.com.

See complete list.