July 13, 2015
Fredericton, Canada and Washington, D.C. – Introhive announced today that it has closed a US$7.2 million Series B financing round with a number of venture and strategic investors based in the U.S. and Canada. Introhive plans to use the funds to expand its partner channel and direct sales team.
“With this new round of funding, we look forward to expanding our footprint within the Fortune 1000 segment as well as deepening our relationships with the leading CRM providers who have become important partners for Introhive,” said Jody Glidden, President and CEO.
The funding comes on the heels of a successful 2014 that saw Introhive widen its platform availability from Salesforce.com to also include Microsoft Dynamics and Oracle.
Introhive, founded in 2012, utilizes data science to automate and enhance CRM utilization and value. By automating activity and contact syncing, and providing relationship insights, collaboration, and real-time notifications, Introhive helps it’s customers reach the promise of their original CRM deployment.