Capital will be used to drive top line growth with a focus on sales and marketing
AUSTIN, Texas - March 31, 2016 - PRLog -- eRelevance Corporation (www.erelevancecorp.com), announced today that it has closed its Series A round of funding totaling $4.5M. Prior to this funding eRelevance raised $4.1M in seed capital, bringing its total capital raised to $8.6M since inception in July 2013. The funding will be used to drive top line growth with increases in sales and marketing along with the additional resources necessary to support company growth.
The Series A round was led by Silicon Valley based Rally Ventures. Other institutional participants include Chicago Ventures, Miramar Venture Partners and Rothenberg Ventures. In addition to the institutional investors, existing angel investors also participated in this round of funding. "eRelevance is addressing a real problem for the SMB market as the challenges of modern marketing are too difficult for SMBs to solve with software. SMBs require great customer service, great customer results, lots of internal domain expertise and continued innovation to deliver results over time," stated Tom Peterson, venture partner, Rally Ventures. "eRelevance is solving this problem and we're excited to be part of the company's future." Mr. Peterson will be joining the eRelevance board of directors.
"Our technology enabled marketing automation service gives SMBs a new affordable choice in helping them grow their business. Because we've automated much of what is traditionally labor intensive work using marketing software tools, we are able to deliver high quality work in a very responsive manner, at a price point that is difficult to compete with. And, unlike others, we quantify the value that we are delivering with nearly immediate return on investment," stated Bob Fabbio, co-founder and CEO of eRelevance Corporation. "We're very excited to close our Series A funding! In our first quarter this year we've nearly matched our revenue for all of 2015. We look forward to accelerating our growth while continuing to delight our customers."
eRelevance focuses on small to medium-sized businesses that struggle with the cost and complexity of using marketing automation software tools to do their own lead generation, or using expensive marketing consultants. The eRelevance service allows them to outsource their internal marketing so that they can focus on their core business.
About eRelevance Corporation
eRelevance, headquartered in Austin, Texas offers the small to medium-sized business a new choice for internal marketing - an affordable, technology enabled marketing automation service. Because we have automated so much of what is traditionally labor intensive, we deliver high quality work in a very responsive manner, at a price point that is difficult to compete with. And unlike others, we quantify the value that we are delivering with nearly immediate return on investment.
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eRelevance Corporation Closes $4.5M Series A Funding
March 31, 2016 at 09:06 AM EDT