What is Act-on Software?
Act-On Software, Inc. provides a cloud-based sales and marketing engagement platform tailored for small and mid-sized businesses across the United States and internationally. The platform is designed to streamline marketing automation, lead nurturing, and customer engagement, enabling businesses to enhance their outreach and conversion rates. The company's focus on delivering accessible and effective marketing solutions has positioned it as a key player in the competitive SaaS landscape.
How much funding has Act-on Software raised?
Act-on Software has raised a total of $97.1M across 8 funding rounds:
Unspecified
$1M
Series A
$2M
Series B
$4M
Series C
$10M
Series D
$16M
Private Equity
$42.1M
Debt
$2M
Other Financing Round
$20M
Unspecified (2008): $995K with participation from Cisco Systems, Inc.
Series A (2008): $2M led by Cisco
Series B (2010): $4M supported by US Venture Partners and Voyager Capital
Series C (2011): $10M featuring Trinity Ventures
Series D (2012): $16M backed by Voyager Capital, US Venture Partners, Trinity Ventures, and Norwest Venture Partners
Private Equity (2014): $42.1M with participation from Voyager Capital, Technology Crossover Ventures, US Venture Partners, Trinity Ventures, and Norwest Venture Partners
Debt (2020): $2M led by PPP
Other Financing Round (2021): $20M supported by Raghu Raghavan, Voyager Capital, Beedie Development Group, Technology Crossover Ventures, U.S. Venture Partners, and Norwest Venture Partners
Key Investors in Act-on Software
Cisco Systems, Inc.
Cisco Systems, Inc. is a global technology conglomerate known for its networking hardware, software, and telecommunications equipment. Their investment in Act-on Software suggests a strategic interest in the sales and marketing technology space, potentially for integration or partnership opportunities.
Technology Crossover Ventures
Technology Crossover Ventures (TCV) is a prominent growth equity firm specializing in investments in the technology sector. Their involvement indicates a focus on scaling Act-on Software's operations and market reach.
U.S. Venture Partners
U.S. Venture Partners (USVP) is a venture capital firm that invests in early-stage and growth-stage technology companies. Their backing of Act-on Software highlights a belief in the company's potential for significant market disruption and expansion.
What's next for Act-on Software?
The substantial enterprise-level funding and recent strategic investment suggest Act-on Software is poised for accelerated growth and market expansion. This capital infusion will likely be directed towards enhancing its platform capabilities, expanding its sales and marketing efforts, and potentially exploring strategic acquisitions. The company's consistent access to significant financing rounds indicates strong investor confidence in its business model and future prospects, positioning it for further innovation and market leadership in the sales and marketing technology sector.
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