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News : Sharpen Secures Funding Led by Bridge Bank and Multiplier Capital

#contactcenterworld, @sharpentech

Indianapolis, IN, USA, June, 2021 -- Sharpen Technologies, developers of an omnichannel cloud contact center platform, secured growth funding, announced CEO Bill Gildea. Bridge Bank and Multiplier Capital led the investment round, along with participation from the company’s existing investors, including Cultivation Capital. This raise will be used across all departments to support the company’s growth.

"Bridge Bank is excited to help lead this latest round of financing and partner with the team at Sharpen to support their strong growth," said Brian McCabe, senior director in Bridge Bank’s Washington D.C.-based Technology Banking Group. "We look forward to seeing them continue growing in the CCaaS industry."

Multiplier general partner Wilson King noted, "Sharpen offers a differentiated, cloud-native solution with a strong growth profile, an established market presence, and an experienced management team. We’re excited to partner with management and the existing investors to support the company’s continued growth and success."

According to Gartner, prior to the pandemic, only 15% of the estimated $24 billion contact center market had transitioned to the cloud. New industry data from the research firm finds that 35% of the customer experience (CX) workforce will work-from-home by 2023, up from 5% in 2017. At the nexus of these two trends is Sharpen’s cloud-based, omnichannel platform, which with just a PC, headphones, and internet connection, lets agents easily work-from-anywhere.

"Our ability to attract investment partners of the caliber of Bridge Bank and Multiplier is a vote of confidence in our business model," said Gildea. "By giving agents the tools and data they need to succeed, we succeed too. Our customers, in some cases, are saving more than they are spending with us, while we continue to shake up the contact center space and increase market share."

#contactcenterworld, @sharpentech

Posted by Veronica Silva Cusi, news correspondent
Source: https://www.businesswire.com


About SharpenCX:
Company LogoSharpen is a cloud native contact center platform that enables customer experience teams to establish a better relationship with their customers. This global platform eliminates costly on premises hardware, increases agent efficiency and makes customers happier through frictionless interactions. Sharpen is committed to building a global community of companies who believe that a happy customer is a loyal brand advocate waiting to happen.
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