The Wells Fargo-backed venture fund has followed an investment in another customer relationship management company, Capillary Technologies, by funding CRMnext.

India-based enterprise software company CRMnext has raised Rs 420m ($7m) a series A round from Wells Fargo-backed venture capital firm Norwest Venture Partners, the Economic Times has reported.

Founded in 2002, CRMnext began commercial operations in 2007. The company develops customer relationship management (CRM) software, and offers a cloud-based approach to managing, automating and synchronising sales, marketing, customer service, and technical support.

CRMnext will invest the funds in its vertically structured enterprise solutions, and will seek to expand its business…