SugarCRM started as open source project on Sourceforge, and the company still maintains a fully open source version. Its revenue relies on professional editions and through the provision of support. Total funding to date for SugarCRM now stands at approx. $41 million.

Online jewelry store Ice.com has raised $47 million in “new venture capital” from Polaris Venture Partners. The online retailer opened its doors at the tail of the original web boom in 2001 and has grown to annual sales of $83.4 million.

Under the deal, Polaris managing general partner Alan Spoon will take a seat on the Ice.com board.

(via PEHub/ Internetretailer)

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