News : Insightly Closes Series C Round to Extend CRM Leadership
San Francisco, CA, USA, April 19, 2016 -- Insightly, an online customer relationship management application (CRM) for small and growing businesses, announced it has raised funding in Series C financing. The round was led by Scott Bommer, venture investor and former founder of SAB Capital, with participation from existing investors Emergence Capital Partners, Cloud Apps Capital Partners and Sozo Ventures. This new funding will be used to further accelerate the growth of Insightly into larger businesses and build out its direct sales team.
With this funding, Insightly will continue to add integrations and capabilities that will help businesses increase sales through efficiency and organization, while remaining committed to its mission of being an easy to use CRM.
"We are pleased to be part of its expansion into delivering easy to use CRM to the 25-250 employee customer segment," said Matt Holleran, General Partner, Cloud Apps Capital Partners.
To further support Insightly’s expansion, Insightly is also announcing that Mark Ripley has joined the company as Vice President of Sales. With more than 15 years of sales leadership in Software as a Service (SaaS) companies like New Relic, Birst, WebEx and Mindjet, Mark brings a wealth of sales experience to the table.
Posted by Veronica Silva Cusi, news correspondent
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Insightly provides customer relationship and project management software to small businesses worldwide.
Published: Friday, April 22, 2016