Tech Company Financing Transactions
iContact Funding Round
Updata Partners and NC IDEA participated in a $5.4 million Series B capital raise for iContact. The round was announced on 6/29/2007.
Transaction Overview
Company Name
Announced On
6/29/2007
Transaction Type
Venture Equity
Amount
$5,350,000
Round
Series B
Investors
Updata Partners (Lead Investor) (Carter Griffin)
Proceeds Purpose
iContact will use the new funds to expand marketing initiatives, increase customer acquisition, and support product development efforts. The company currently employs 58 people in the Raleigh-Durham area and expects that number to grow to over 100 in the next 18 months.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
5221 Paramount Pkwy. 200
Morrisville, NC 27560
USA
Morrisville, NC 27560
USA
Phone
Website
Email Address
Overview
iContact is a leading on-demand email marketing service. iContact allows organizations of all sizes to easily create, send, and track email newsletters, RSS feeds, surveys, and autoresponders.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Aaron Houghton
Chief Executive Officer
Ryan Allis
Chief Financial Officer
Tim Oakley
Chief Marketing Officer
Jeff Revoy
Chief Technical Officer
Ralph Kasuba
VP - Customer Service
Sarah Stealey
VP - Human Resources
Pam Rose
VP - Sales
Kevin Fitzgerald
Browse more venture capital transactions:
Prev: 6/28/2007: ONI Medical Systems venture capital transaction
Next: 6/29/2007: CADForce venture capital transaction
Share this article
Where The Data Comes From
We do our best to record every notable VC transaction. VC investment data records reported here come from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs