Wow another big cash infusion for the early adopter of Open Source CRM tools:

"The alarm:clock was first to report on the recent Series C funding of SugarCRM, that brought $18.77M to this open source CRM software maker. According to Thomson VentureXpert, NEA led the round with participation from Walden International and initial investor Draper Fisher Jurvetson. NEA's Scott Sandell has joined the board of directors.

Why am I writing about this ? Because this is one of the few enterprise software companies I have been interested in tracking. The company had raised their $5.75M Series B and their $2M Series A respectively 10 and 15 months ago, and did not require a new cash infusion -- based on its reported market success. By implementing a dual license strategy, and leveraging the community to develop portions of the product, and make available through 21 languages less than 18 months after launch (which is more than Salesforce.com after 8 years)."

Congrats!