ConnectAndSell, a provider of on-demand telephone conversations with prospects and customers, has closed aUSD$7.5 million later-stage round of financing led by Institutional Venture Partners (IVP).
In conjunction with the financing, Steve Harrick, General Partner of IVP, has joined Mike Maples Jr, Managing Partner of Floodgate, on the company’s Board of Directors. Floodgate is the original seed investor in ConnectAndSell.
ConnectAndSell provides Live Conversation Automation solutions, using disruptive technology to dramatically increase the number of live telephone conversations sales representatives can have per hour. The company’s solution combines proprietary software with outsourced call centres to substantially improve the connect rate. ConnectAndSell customers are guaranteed a minimum of five live conversations per hour with targeted contacts, with current customers averaging seven to ten conversations per hour. The new funding will be used to accelerate the company’s customer penetration and enhance technology depth of the core product.
“ConnectAndSell is managed by a capable group of serial entrepreneurs with a proven track record. Their technology is a game changer and their customers are ecstatic,” says Harrick. “As a later-stage investor, IVP works to fund the type of breakout companies that ConnectAndSell represents. The company is cash flow positive and we are excited to work with them to accelerate their growth.”
ConnectAndSell’s rapidly expanding customer base includes Fortune 100 giants, small businesses, mid-market corporations, start-ups, sole proprietors and individual sales reps. Founded in 2006, the company is headquartered in Redwood City, California. ConnectAndSell continues to expand its team in engineering, sales, marketing, customer support and corporate administration.
