High Street Partners, a provider of business services, has completed a USD6m series B round of financing led by institutional venture capital investor Sigma Partners.
The funding round also included Baird Venture Partners and existing investor SVB Financial Group.
High Street Partners will use the proceeds to accelerate development of its technology platform and aggressively scale its sales and marketing operations in the US and Europe.
Two new members have been elected to the High Street Partners board of directors. Managing director Paul Flanagan (pictured) of Sigma Partners and partner Bill Filip of Baird Venture Partners will join existing board members Gerard Phelan, vice president at Bowne, and High Street Partners president Larry Harding.
"Sigma Partners is investing in the High Street Partners team because they are changing the game in international business services. Their approach to delivering services for companies operating internationally challenges today’s painful, fragmented and expensive delivery models. High Street Partners has demonstrated its ability to execute successfully, even in the toughest economic climate we’ve seen in some time," says Flanagan.
“High Street Partners’ success is the result of its relentless innovation around a core set of services, a unique delivery model, and a culture of accountability," adds Harding. "We are excited to build on this strong foundation, and we look forward to leveraging the experience, network and resources of Sigma, Baird and Silicon Valley Bank as we aggressively expand our customer base and build our team."