Repsly Secures Seed Funding, Adds Woody Benson to Board of Directors as Observer
BOSTON, July 11, 2017 /PRNewswire/ -- Repsly, Inc, a SaaS company changing the way teams do work in the field, today announced it has completed a $1.6MM second seed round of financing and has added tech veteran Woody Benson to its board of directors.
The investment round was led by Launchpad Venture Group, the largest angel investing group in the Northeast and one of the top three most active groups in the United States. Joining Launchpad were existing and new investors, including LaunchCapital, Hub Angels, SideCar Angels, and Companyon. Benson, a Partner at Launch Capital, joins Repsly's board of directors as an observer.
The fundraise comes after three consecutive years in which Repsly has more than doubled its revenue with initial seed funding from 2014 and 2015. Repsly has grown to nearly 1,000 customers in more than 70 countries, and established itself as cash flow positive earlier this year. This investment will enable the company to add talent and experience to its senior team in preparation for continued acceleration of its growth.
"At a time when retail is changing faster than ever, Repsly is in a great position to empower brands to grow by enabling them to collect and use data to make smarter decisions in the field," said LaunchCapital's Woody Benson. "It's always exciting to get involved with a company at this stage of growth, especially one so committed to embracing the paradigm of consumerized enterprise software."
Repsly's mobile-first platform gives brands a framework for collecting and analyzing data about their performance in the field, helping high-growth teams achieve the level of organization and analysis they need to win in the competitive retail environment.
"We have worked hard to keep Repsly simple and intuitive while making it powerful enough to transform teams and give brands a competitive advantage," said Repsly's co-founder and CEO, Marko Kovac. "As the world of retail evolves, we are looking forward to empowering more and more brands with the tools they need to keep innovating."
Repsly, Inc. is a software as a service company that's creating world-class education and tools that make brands grow from where they are today to where they want to be tomorrow, in a human, enjoyable way. By connecting brands with their field teams, Repsly empowers them to make agile, data-backed decisions at the store level, while adding a layer of organization and accountability. For more information, please visit the company's website, www.repsly.com.
Media Contact:
Cameron Garrant
Phone: (617) 356 - 8125
Email: cameron.garrant@repsly.com
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