What is Simplus?
Simplus is recognized as the industry leader in Quote-to-Cash (QTC) implementations, offering comprehensive digital transformation services across the entire Salesforce ecosystem. Their expertise spans advisory, implementation, change management, custom configuration, and managed services. Operating under the guiding principle of 'Success Simplified,' Simplus leverages leading cloud solutions to assist companies in achieving strategic objectives, improving performance metrics, and maximizing stakeholder value. With a client base exceeding 1000 and a customer satisfaction rating within the top 1% of all Salesforce partners, Simplus has demonstrated a consistent ability to help businesses innovate and expand.
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 Alan Hall, Rick Alden, Josh James, Greg Warnock, Todd Pedersen, Darby Smith, and Travis Johnson
Angel/Seed (2015): $2.1M led by Infinite Investments, Service Provider Capital, Epic Ventures, and Silicon Valley Bank
Series A (2015): $4.2M supported by Epic Ventures, Silicon Valley Bank, Godard Abel, Scott Cunningham, Service Provider Capital, and Eric Morgan
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 Cross Creek Advisors, Epic Ventures, Savano Capital Partners, University Growth Fund, and Salesforce Ventures
Key Investors in Simplus
Salesforce Ventures
Salesforce Ventures is the corporate venture capital arm of Salesforce, focusing on investing in enterprise cloud companies. They aim to foster innovation within the Salesforce ecosystem and support companies that enhance customer relationship management and digital transformation.
Cross Creek Advisors
Cross Creek Advisors is a venture capital firm that invests in late-stage companies and top-tier venture capital funds. They provide expertise in the private equity markets and aim to support high-quality growth-stage businesses.
Epic Ventures
Epic Ventures is a venture capital firm that invests in early-stage and growth-stage technology companies. They focus on supporting innovative businesses with strong market potential.
What's next for Simplus?
The substantial capital infusion, particularly the recent major strategic investment, positions Simplus for accelerated expansion and further innovation within the Salesforce ecosystem. This backing will likely fuel advancements in their QTC solutions and broaden their reach in enterprise-level digital transformation projects. As Simplus continues to build on its strong client satisfaction and market leadership, future developments may include strategic partnerships, enhanced service offerings, and deeper integration of advanced cloud technologies to maintain its competitive edge and drive continued growth for its clientele.
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