Allbound, a Phoenix, AZ-based Partnership Relationship Management platform has now secured $3.61 Million in the funding round of Series A. The round which makes the total funding raised to date to $7.4 Million and was led by the Canal Partners with collaboration from the Tallwave Capital, Arizona Founders Fund, KLH Venture partners, and Stout Street Capital. In conjunction with Jim Armstrong, Founder and CEO of JDS Software will also be going to join as the Allbound Board of Director. Moreover, Wain Kellum will also be going to join as the Board of Director as Executive Chairman.
The company as of now has a plans to use the funds for production growth and enhancements. Allbound provides with a SaaS tool for companies to build partner programs enabling partner enablement communications and pipeline management. The platform works as a layer in the given technology stack by integrating with some of the tools that the company already know about like the CRM.
The Allbound goal has always been to create an easy to use, configurable solutions that place much more focus on partner engagement. As a company, Allbound will continue to develop a product in accordance with these guiding principles and algorithms. Growth within the Allbound will continue to be guided by the optimization and innovation. The partner experience is one of the top concern for Allbound, and together they will find the solutions for the commonly occurring barriers vendors at the time of utilizing channels partners to drive revenue. Allbound will also continue to be a leader in the mid-market, B2B companies and is, even more, looking to grow via channel partners.
“Allbound is an elegant solution, which also allows the easy integration and joint selling with an organization's partners of all the selling people. The ease of use which is afforded by Allbound allows for quick adoption among different partners, which even also leads to more visibility into the pipeline, more joint selling which increases win rates and accelerated some of the new business growth opportunity.”
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