What is Exit41?
EXIT41 specializes in offering a new class of software solutions tailored for the Quick-Serve Market. Their core product is a point-of-sale (POS) system designed to enhance customer service and operational profitability for quick-serve businesses. The company boasts a seasoned team with extensive experience in developing, implementing, and supporting critical customer-facing systems. EXIT41's offerings are aimed at streamlining operations and providing valuable information solutions to its clientele.
How much funding has Exit41 raised?
Exit41 has raised a total of $29M across 5 funding rounds:
Series A
$7M
Series B
$4.8M
Series C
$8.8M
Private Equity
$6M
Debt
$2.4M
Series A (2007): $7M with participation from Thomas Weisel Partners and Fidelity
Series B (2008): $4.8M, investors not publicly disclosed
Series C (2008): $8.8M supported by Humphrey Enterprises
Private Equity (2010): $6M featuring Contour Venture Partners, GrandBanks Capital, and Dace Ventures
Debt (2011): $2.4M, investors not publicly disclosed
Key Investors in Exit41
Contour Venture Partners
Contour Venture Partners is a seed stage venture capital firm based in New York City, founded in 2005. The firm focuses on investing in innovative software solutions within the enterprise SaaS, vertical B2B SaaS, and financial services sectors.
GrandBanks Capital
GrandBanks Capital partners with entrepreneurs to create and build market-leading companies by leveraging their experience, expertise, and industry relationships. They focus on guiding entrepreneurs through the challenges of building world-class companies in sectors such as Internet infrastructure, software and services, financial technologies, and wireless technologies.
Humphrey Enterprises
Humphrey Enterprises, LLC is a private equity investment firm focused on three primary industry sectors: automotive, healthcare, and training and education. Humphrey Enterprises invests in companies where there is potential for sustainable growth and where we can secure market leading positions.
What's next for Exit41?
The company's history of diverse funding rounds, including private equity, Series A, B, C, and debt financing, indicates a robust growth trajectory and strategic financial management. The recent major strategic investment suggests a focus on expanding market reach, enhancing product capabilities, or potentially pursuing new market segments within the quick-serve technology landscape. This capital infusion is likely to fuel further innovation and solidify Exit41's competitive position.
See full Exit41 company page
