Returning investors Slack Fund and Salesforce Ventures both contributed to a $22.5m series B round that took the SaaS management platform's total funding past $35m.

US-based software management platform developer Zylo has closed a $22.5m series B round featuring the corporate venturing arms of enterprise software provider Salesforce and communication platform developer Slack.

Salesforce Ventures and Slack Fund joined venture capital firm Menlo Ventures, which led the round, as well as Revolution’s Rise of the Rest Seed Fund, Bessemer Venture Partners (BVP) and High Alpha Capital.

Zylo has created a software platform that manages software-as-a-service (SaaS) products for businesses, tracking payments and subscriptions and compiling…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.