• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

SLD Chicago News

Stories. Lives. Dealin's. CHICAGO

SLD CHICAGO NEWS
Stories. Lives. Dealin's. CHICAGO

  • Home
  • BUSINESS
  • LOCAL NEWS
  • POLITICS
  • REAL ESTATE
  • Meet the Team
  • About/Contact

Chicago tech company ActiveCampaign raises $240 million for marketing automation platform

by

ActiveCampaign is 18 years old, but the company took off five years ago, when it raised outside funding. Since then, the company has grown from 16 employees to more than 850, hiring 300 of them last year. ActiveCampaign says it expects to top 1,000 workers this year.
 
The subscription-software company raised $100 million in January 2020. Since then it has grown from $100 million in recurring annual sales to $160 million, says CEO Jason VandeBoom. The company declined to say whether it’s profitable.

He says the company will use the funding to continue refining a product that’s now in use in 170 countries and expand into new markets. ActiveCampaign relies on having a product that’s intuitive and low-touch so it doesn’t require a lot of support, which can make servicing the company’s 145,000 customers expensive. 

“It’s about how do we reach more customers?” VandeBoom said. “It’s a massive undertaking and opportunity. With the capital, we can invest where it makes sense.”

View Original Source

Filed Under: BUSINESS, Chicago Business - Google

Primary Sidebar

More to See

Share of international homebuyers fell last year

The number of international homebuyers declined sharply throughout the United States in the past year amidst the global COVID-19 pandemic, according … [Read More...] about Share of international homebuyers fell last year

Chicago-area industrial real estate market is tight for smaller companies

Tom Rodeno, 50, a 20-year veteran in representing industrial spaces for Colliers International, based out of the Rosemont office with the title of … [Read More...] about Chicago-area industrial real estate market is tight for smaller companies

Chicago Casino Proposal Deadline Moves to October 29 After Ho-Hum Response

Chicago’s city officials move the deadline for submitting a proposal for the planned casino to October 29, looking for more bidders. Chicago … [Read More...] about Chicago Casino Proposal Deadline Moves to October 29 After Ho-Hum Response

Western Illinois Town Disbands Police Force Due to Budget – NBC Chicago

A community in western Illinois has officially disbanded its police department over budget concerns. East Galesburg has been without its police … [Read More...] about Western Illinois Town Disbands Police Force Due to Budget – NBC Chicago

Chicago cop killed, another injured in violent night

The officer who died was the first Chicago cop shot and killed in the line of duty this year, Brown said. It's the first line-of-duty shooting … [Read More...] about Chicago cop killed, another injured in violent night

Privacy Policy | Terms and Conditions | About/ Contact
Copyright © 2022 · SLD Chicago . Log in