Washington, D.C.-based Contactually has just announced the close of a Series A round in which they raised $8 million dollars. The round was co-led by Rally Ventures out of Menlo Park, and Grotech Ventures out of D.C., with participation from Correlation Ventures and prior investors including Point Nine Capital, Middleland Capital, Bull City Venture Partners, and real estate influencer Tom Ferry.
“We're impressed by the superior execution of the innovative ideas by Zvi and team, and the traction so far with customers is remarkable.” said Don Rainey, General Partner at Grotech Ventures, in a statement. “We're excited to partner with another unfolding DC success story.”
Contactually is a relationship management platform that is quite different than most CRM tools. They may all have “relationship” in the name, but Contactually is really about helping business professionals form and maintain authentic and personal relationships. They believe that this is a key factor in driving the success of a business. For example, their platform gives automatic reminders for following up, which is critical in keeping a relationship from fading out.
“Contactually helps teams generate more business from their existing networks by aggregating data from email, calendars, spreadsheets, and more, and surfacing key fading relationships. Initially, we saw a gap where business contact managers weren’t servicing this need. The most important thing for a professional is to quickly identify who they need to talk to, when they need to talk to them, and what they need to say. That’s been our thesis from day one.” said Zvi Band, CEO and co-founder of Contactually, in a statement.
Founded in 2011 by Band along with Tony Cappeart (COO), and Jeff Carbonella (CTO), this last year has been one of Contactually's biggest. In late 2014 they raised a $4 million seed round from investors including Boston Seed, 500 Startups, and the SaaS Syndicate on AngelList. And in the spring of 2015 they launched a new feature called Insights which helps companies have a more transparent view of their shared professional contacts in order to strengthen their strategies for managing business relationships.
You can read more about this most recent funding round in Contactually's blog post.