$2 Million in Additional Funding to Fuel Growth and Support New Expansion
StructuredWeb, a leading provider of SaaS channel marketing automation solutions, today announced that it has secured $2 million in financing led by Argentum, a New York based private equity firm and long term investor of the company.
The newly raised capital will help support StructuredWeb’s rapidly growing customer base and deepen investments in product innovation, customer success and sales and marketing. In connection with its growing customer base on the West Coast and sustained YOY growth, the company, headquartered in New York City, will be expanding business operations to Silicon Valley.
“We are pleased to see the organization performing strongly and particularly excited by the growing list of fortune 100 companies who trust in StructuredWeb to support their indirect sales models and grow their channel revenue,” said Daniel Nissan, founder and CEO of StructuredWeb. “The decision to expand to Silicon Valley, the heart of technology innovation, is an exciting one which aligns with our commitment to provide best-in-class technology solutions to the channel. With this round of funding, we will increase our sales and marketing teams and keep driving innovation forward for our customers and the channel market. As always, we appreciate Argentum’s ongoing support and look forward to a continued relationship. ”
“StructuredWeb has demonstrated its ability to provide significant value to its marquee customer base through its market-leading technology and solutions. We look forward to continuing the momentum and supporting them in this next chapter of growth,” said Walter Barandiaran, Managing Partner at Argentum.
The new investment stands as a testament to StructuredWeb’s continued success and strengthens their market position as the leading provider of the most comprehensive and innovative channel marketing solutions for global brands.
