What is Simplus?
Simplus positions itself as the industry leader in Quote-to-Cash (QTC) implementations, operating as a Platinum Salesforce Partner. The company facilitates comprehensive digital transformation across the Salesforce ecosystem, offering advisory, implementation, change management, custom configuration, and managed services. Guided by the principle of 'Success Simplified,' Simplus utilizes leading cloud solutions to help enterprises achieve strategic objectives, enhance performance, and increase stakeholder value. With a client base exceeding 1000 and a customer satisfaction rating within the top 1 percent of all Salesforce partners, Simplus demonstrates a strong track record in enabling companies to improve, innovate, and grow.
How much funding has Simplus raised?
Simplus has raised a total of $53.3M across 9 funding rounds:
Other Financing Round
$400K
Angel/Seed
$2M
Series A
$4.2M
Multiple Rounds
$19.1M
Private Equity
$1M
Debt
$6.5M
Series C
$20M
Other Financing Round (2014): $400K with participation from Todd Pedersen, Josh James, Darby Smith, Alan Hall, Rick Alden, Travis Johnson, and Greg Warnock
Angel/Seed (2015): $2.1M led by Infinite Investments, Epic Ventures, Service Provider Capital, and Silicon Valley Bank
Series A (2015): $4.2M supported by Godard Abel, Service Provider Capital, Eric Morgan, Silicon Valley Bank, Scott Cunningham, and Epic Ventures
Private Equity (2017): $1.3M, investors not publicly disclosed
Series B (2017): $9.3M backed by Salesforce Ventures, Cross Creek Advisors, and EPIC Ventures
Debt (2017): $8.5M with participation from Silicon Valley Bank
Private Equity (2018): $1M, investors not publicly disclosed
Debt (2019): $6.5M supported by Silicon Valley Bank
Series C (2019): $20M featuring Savano Capital Partners, Cross Creek Advisors, University Growth Fund, Epic Ventures, and Salesforce Ventures
Key Investors in Simplus
Salesforce Ventures
Salesforce Ventures is the venture capital arm of Salesforce, a global leader in customer relationship management (CRM) software. They specialize in investing in companies that enhance the Salesforce ecosystem, focusing on cloud-based solutions that drive business transformation and customer engagement.
Cross Creek Advisors
Cross Creek Advisors is a venture capital firm that invests in high-quality late-stage companies and top-tier venture capital funds. They leverage their expertise in private equity markets to identify emerging themes and provide strategic backing to growth-stage businesses.
EPIC Ventures
Epic Ventures is a venture capital firm that supports companies with established business models, focusing on growth capital across various industries. They partner with other investors to enhance the value of their portfolio companies, demonstrating a commitment to fostering innovation and expansion.
What's next for Simplus?
The recent major strategic investment in Simplus signals a pivotal phase for the company, likely aimed at accelerating its expansion and deepening its service offerings within the Salesforce ecosystem. This capital infusion is expected to fuel further innovation in digital transformation solutions, potentially through enhanced product development, strategic acquisitions, or broader market penetration. As a leader in QTC implementations, Simplus is well-positioned to capitalize on the increasing demand for integrated cloud solutions that drive operational efficiency and revenue growth for enterprise clients. The company's focus on simplifying success through technology suggests a continued trajectory of scaling its operations and solidifying its market dominance.
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