July 15, 2015
Today, Vienna, VA based CircleBack announced the closure of a $12M round to continue better organizing your professional contacts. Founded in 2012, CircleBack’s free mobile apps provide users up-to-date contact information in a secure cloud based environment as a result of their artificial intelligence system. Simply put, their platform relies on its users’ aggregate information to ensure keep each contact listing is current. This month the company also reached a new milestone, more than one billion contacts managed spread across their 2.5 million users.
“We’re very much on track to solving the problem I started with so long ago: ensuring that professionals and businesses always have accurate, up-to-date, and organized contacts,” said Manoj Ramnani, CircleBack Founder and CEO. “But we’re also incredibly excited for the future as we build an extraordinary company. In the coming months, we’ll be launching products that will leave lasting marks on a number of industries.”
The round was led by TDF Ventures, with involvement from existing investors Grotech Ventures, Syncom Venture Partners, and CNF Investments. In addition to the raise, TDF’s Jim Pastoriza will be joining CircleBack’s board of directors.
“As we got closer to understanding CircleBack’s capabilities and business, it became abundantly clear that they have solved the contact management problem for consumers and businesses in a very unique way,” said Jim Pastoriza, Managing Partner at TDF Ventures. “We’re excited to partner with CircleBack and continue to build this truly game-changing business.”
In 2003 Northern Virginia based Grotech initially invested in CircleBack to the tune of $5M.
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