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March 8, 2013

Handshakez Gets $ 3.6 Million in Series A Funding

Filed under: Venture Capital News — admin @ 5:25 am

A few days ago Handshakez got a $ 3.6 million in series A round of funding that was led by Austin Ventures. At the funding First Round Capital, CrunchFund, Floodgate and Valhalla Partners also participated.

Chief Executive Officer Jason Wesbecher explained that the company was planning to close the series A round of funding before the summer, but it happened earlier than they expected because the executives saw a great momentum at the end of last year so they decided to speed things up a little bit.

Jason Wesbecher is an expert marketing executive who worked for Siebel Systems, Tibco and Jive Software. Among the customers of Handshakez include Corel, Pubchh and AlterPoint, that reported increased rates among 10 and 45 percent.

Handshakez brings business relationships into private and out of the email area and introduces a new class of analytics in order to foresee and give the customer success.

“There is a tremendous opportunity to take customer relationships out of email and bring new levels of collaboration to an age old sales process,” declared Thomas Ball, General Partner at Austin Ventures. “Successful enterprise companies like Jive and Yammer have proven that engagement, not record keeping, is the future. Handshakez has what it takes to build an industry-leading company in this space: seasoned leadership, an insider’s understanding of the market, and the vision to re-shape front-end enterprise applications around the customer.”

The company is a pioneer in a class of front end applications for entreprise that are built around the client. Handshakez has its headquarters in Austin, Texas and is held by Austin Ventures, Floodgate, CrunchFund, First Round Capital, Valhalla Partners and Thinktiv.

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