Austin, Texas-based OutboundEngine, which provides a marketing platform for small businesses, has raised a $16 million Series C round of funding led by S3 Ventures. Also participating in the round are existing investors, including Silverton Partners, Noro-Moseley, Harmony Partners, Altos Ventures and Capital Factory. The company has now raised $33.8 million in total funding, including an $11 million Series B round in 2014.
OutboundEngine Secures $16 Million in Series C Funding to Automate SMB Marketing
‘Done-For-You’ Marketing Platform Empowers Small Businesses to Close Sales
AUSTIN, TX—May 4, 2016—OutboundEngine, an automated marketing platform that helps small business owners uncover the best sales opportunities in their networks, announced today that it has closed a $16 million Series C funding round led by Austin-based S3 Ventures, with full participation from the prior round of investors, including Silverton Partners, Noro-Moseley, Harmony Partners, Altos Ventures and Capital Factory.
The company will utilize the funding to add talent to its Austin and Scottsdale offices, develop new product features and pursue additional vertical markets. To date, OutboundEngine has raised $33.8 million. The $16 million Series C round comes after an $11 million Series B round led by Silverton Partners in 2014, and a $6.8 million Series A round in 2012.
“This capital shows that OutboundEngine has met a demonstrated need for a ‘done-for-you’ platform and is a vote of confidence in our ability to continue scaling our customer count,” said Branndon Stewart, CEO of OutboundEngine. “It also recognizes our opportunity to grow into a larger marketing automation player with a broad range of done-for-you services that drive ever-increasing value for every customer we sign up.”
“Delivering the right message at the right time is an advantage that larger organizations can access, but these tools are too complicated or expensive for smaller businesses to use effectively,” said Rajiv Bala, Vice President, S3 Ventures. “We are excited to see OutboundEngine’s continued traction with SMBs and are looking forward to partnering with an emerging leader in the marketing automation space.”
With more than 7,500 customers and significant revenue growth since its Series B financing, OutboundEngine delivers a toolset designed to build and nurture crucial relationships for small business customers and prospects. By surfacing warm leads from their existing networks, OutboundEngine empowers small businesses to close sales more effectively and efficiently. The platform democratizes marketing automation, reducing the time and expertise required for SMB marketing. Beyond innovative email and social media services, OutboundEngine will focus in coming quarters on developing more personalized communications and enhancing platform intelligence to increase actionable results for customers.
OutboundEngine is a ‘done-for-you’ marketing automation platform that helps business owners stay top of mind with customers and prospects and turn online engagement into revenue. The cloud-based platform automates the delivery of timely, tailored e-mail, social and content marketing programs for all kinds of industries. Its personalized and touchless approach helps business owners nurture and reach customers, while freeing them up to do what they do best–their jobs. For more information, visit: http://www.outboundengine.com/.
About S3 Ventures
S3 Ventures is an early, expansion and growth stage venture firm with $225 million under management. S3 is focused on information technology solutions that solve large business problems. Further, S3 also invest in medical devices that improve the human condition. S3 partners with each investment and helps focus methodically on what it takes to build a successful company.