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Venture Capital News: RevBoss Raises $1.1M Seed Round

2015-10-23
DURHAM, NC, RevBoss, Inc. announced a $1.1 million in seed financing.
Today RevBoss, Inc. announced a $1.1 million in seed financing round led by Sovereign's Capital, an early stage venture capital firm with offices in Silicon Valley and Indonesia. Other investors in the round include Robbie Allen, Founder and CEO at Automated Insights, Alston Gardner, Founder and Partner at Fulcrum Equity Partners, and Bruce Boehm, former General Partner at US Venture Partners. RevBoss will use the capital to accelerate development on its sales prospecting automation platform and expand its software engineering, sales, and customer success teams. This is the first capital that the company has raised to date.
RevBoss is changing the way that sales organizations develop prospect relationships and grow sales pipeline. The company's sales development software platform makes sales teams more productive by automating low-level sales tasks like prospecting, research, content creation, and campaign deployment, which enables sales professionals to spend more of their time building relationships and advancing opportunities. RevBoss has customers around the world, including ListenLoop, Bivarus, and CloudFactory.
'RevBoss has experienced transformative growth since we first launched our sales prospecting automation software earlier this year,' said Eric Boggs, Founder and CEO at RevBoss. 'We have a high-performing team, great customers, and a strong software foundation -- adding a strong group of investors to the team will help us deliver on our mission to drive more sales revenue for more customers.
Lead investor Henry Kaestner, General Partner at Sovereign's Capital and Co-Founder at Bandwidth.com, believes that RevBoss addresses an important need for B2B sales organizations.
'Growth-oriented sales organizations need to overcome complicated data, workflow, and integration challenges in order to build a high-performing prospecting function,' Kaestner said. 'The team at RevBoss has an incredibly deep understanding of these challenges and has built an innovative offering that simplifies and accelerates the early funnel development process. We're excited to join the team and eager to see RevBoss help more customers increase sales revenue.'
RevBoss is hiring for multiple full-time positions based in downtown Durham, NC, including Vice President, Software Engineering, Software Engineer, and Business Development Representative roles.

About RevBoss, Inc.
Founded in 2014, RevBoss is a leader in sales prospecting software automation. The RevBoss platform helps B2B sales teams increase productivity and accelerate sales growth by automating key pieces of the sales pipeline development process like prospecting, research, content creation, and campaign deployment. RevBoss serves customers around the work from its headquarters in Durham, NC. Learn more at http://revboss.com.
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