SalesWarp Raises $3.5 Million in Series A Funding to Drive Growth and Fuel SaaS Product Expansion for the SMB Market
BALTIMORE, Aug. 4, 2015 /PRNewswire/ — SALESWARP, a leading provider of omnichannel commerce management software to the SMB and Enterprise retail market, has raised $3.5 million in Series A funding led by Camber Creek. GRI Fund, Blue December Venture Group, Maryland Venture Fund, and Cranbrook Capital also participated in the round. Rob Tobin and George Rich will join the SalesWarp Board of Directors.
SalesWarp will use the proceeds to expand sales of its SaaS and Enterprise products by growing its sales, marketing, engineering, and client implementation teams. The company also plans to expand its partner channel to cement its focus on becoming a retailer’s mission control center.
“SalesWarp is a disruptive product that offers retailers an easy way to improve both sales and profit margins,” said David Potts, Founder and CEO of SalesWarp. “The combination of this new capital and experienced investors is helping us quickly grow the organization to meet the demands of our growing SaaS client base and expand our product line to serve more of the SMB market.”