VIENNA, VA–(Marketwired – Jul 15, 2015) – CircleBack, Inc. has announced today that it’s closed a $12M funding round led by TDF Ventures, with participation from existing investors Grotech Ventures, Syncom Venture Partners, and CNF Investments.
As part of the investment, TDF’s Jim Pastoriza will be joining CircleBack, Inc.’s Board of Directors. “As we got closer to understanding CircleBack’s capabilities and business, it became abundantly clear that they have solved the contact management problem for consumers and businesses in a very unique way,” said Jim Pastoriza, Managing Partner at TDF Ventures. “We’re excited to partner with CircleBack and continue to build this truly game-changing business.”
With the closing of the funding round and new addition to their board, CircleBack will retain its original focus: ensuring the most accurate contact management possible for professionals and businesses.
“We’re very much on track to solving the problem I started with so long ago: ensuring that professionals and businesses always have accurate, up-to-date, and organized contacts,” said Manoj Ramnani, CircleBack Founder and CEO. “But we’re also incredibly excited for the future as we build an extraordinary company. In the coming months, we’ll be launching products that will leave lasting marks on a number of industries.”
The news of the investment comes on the heels of CircleBack having recently reached a milestone, now managing 1+ billion contacts for its users. These contacts, when mapped by CircleBack’s artificial intelligence engine, are organized into over 130 million uniquely corrected business contacts and fuel both CircleBack’s accuracy and its superior merge technology. This unique solution provides unmatched contact updating to millions of users.
About CircleBack, Inc.
Designed to help individuals and organizations keep their contact data organized and up-to-date, CircleBack brings accuracy to contact data everywhere. Whether someone moves jobs, changes phone number, or just switches buildings, you’ll know.
More than 2.5 million users rely on CircleBack to manage billions of contact fields a day so they can trust that their address books are organized and up-to-date across every device. For more information, visit https://www.circleback.com