FullContact News - FullContact Raises $25 Million in New Funding August 10, 2016
Latest round led by Foundry Group to scale business, recruit global talent, fund acquisitions, and further accelerate growth
DENVER, CO – August 10, 2016 – FullContact, provider of the most powerful contact management platform for professionals and enterprises, today announced a $25 million investment round led by Foundry Group. Other participants in this round include Baird Capital, Shea Ventures, and Blue Note Ventures bringing FullContact’s total investment to date to $50 million.
The company plans to use the new funding to continue building the most adaptive and powerful platform for managing the world’s contact information. FullContact has three fast growing product lines with contact management solutions for individual professionals, businesses, and software developers. The company’s free iPhone and Android apps have advanced capabilities over the apps that come natively installed with a mobile device including human transcription of business cards, enriching contacts with social profiles, syncing contacts across multiple address books, and updating contacts based on email signatures. FullContact’s solutions for businesses and developer APIs provide B2C companies and SaaS companies with a robust sharing and integration platform supporting complete customer profiles that include social interests and insights.
“Nearly every professional, small business, large brand, and software solution has a problem turning partial customer data and contact information into complete 360-degree profiles,” said Bart Lorang, cofounder and CEO at FullContact. “FullContact is an extensible platform with the ability to integrate seamlessly and solve complex contact data management problems for any individual or business.”
“With over 40 billion contact records under management, FullContact was already on track to more than double recurring revenue for the fourth straight year,” said Brad Feld, Managing Director of the Foundry Group. “The funding will be used to support the company’s rapid growth by further expanding sales, marketing and engineering as well as pursuing strategic acquisitions that bolster our technology and data assets.”
FullContact will seek to expand through additional strategic acquisitions and has plans to more than double its workforce in the coming year. FullContact, famous for its paid PAID vacations and awesome global culture, is headquartered in Denver, CO with offices in Riga, Latvia and Dallas, Texas. FullContact is planning additional offices and hiring in the second half of 2016. Previous acquisitions include: Cobook, a leading mobile contact management application; nGame, a SaaS-based enterprise customer data intelligence solution; and Brewster, a social address book enabling users to access contact information across networks.
FullContact is the most powerful fully-connected contact management platform for professionals and enterprises who need to master their contacts and be awesome with people. FullContact’s cross-platform suite of Apps and APIs enhance contacts with insights, while keeping them organized, synchronized, up to date, and safe. For more information about FullContact’s products and services, please visit: https://www.fullcontact.com. To download the free FullContact app for iOS or Android, visit the iTunes or Google Play stores.
Chantal LeBoulch for FullContact