Contactually Raises Additional $2M in Seed Round for Its CRM Platform

November 4, 2014

11:30 am

Contactually, the Washington, D.C.-based startup whose relationship management tool allows you to maintain professional relationships by recommending when to follow up with contacts, announced this morning that it has raised $2 million in additional seed funding. This funding brings the total funding for its seed round to $3.5 million.

This additional financing comes from existing investors Point Nine Capital, 500 Startups, and Boston Seed, as well as new investments from the Crystal Tech Fund, Middlebridge Partners, and Middleland Capital. Gil Penchina’s AngelList syndicate also contributed a sizable chunk of this funding. According to Contactually, this additional funding will help the company continue to grow its engineering team, as well as to focus on sales and marketing efforts – efforts that have helped the company see 483 percent revenue growth in the last 15 months.

Contactually’s social CRM tool helps companies and individuals form and develop relationships with their most valuable connections. The platform informs users with whom to follow up, when, and what to say. Across 100 countries, 7,500 customers are utilizing Contactually to help them maximize ROI on these network connections. Recently, the company moved its headquarters to the former LivingSocial office in downtown D.C.

Earlier this year, Contactually cofounder and CEO Zvi Band joined us at our Startup Mixology D.C. book launch, where he reminded people to have a genuine interest in people:

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Ronald Barba was the previous managing editor of Tech.Co. His primary story interests include industry trends, consumer-facing apps/products, the startup lifestyle, business ethics, diversity in tech, and what-is-this-bullsh*t things. Aside from writing about startups and entrepreneurship, Ronald is interested in 'Doctor Who', Murakami, 'The Mindy Project', and fried chicken. He is currently based in New York because he mistakenly studied philosophy in college and is now a "writer". Tweet @RonaldPBarba.

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