ST. PAUL, MN--(Marketwired - May 18, 2017) - OppSource, a leading SaaS-based software provider, today announced the company has secured $1.22 million in funding to support growing sales, marketing and product development efforts. The round was led by Bozeman, Montana-based Next Frontier Capital; a fund backed by investors from the world's top technology and venture capital firms that seek investment opportunities primarily in industries dominated by high intellectual property values.
"OppSource is at the forefront of a huge market opportunity," said Next Frontier Capital Founder and General Partner Will Price. "Companies of every shape and industry are reengineering their sales processes to align with today's modern buyer. OppSource offers a solution that is perfectly timed to help B2B companies modernize their sales engagement and we are happy to be a part of it."
Added Pat LaPoint of Frontier Angels, "The sales automation technology market is growing at a rapid pace, and I know OppSource is well-suited to attack this high-growth market opportunity head on."
The OppSource Sales Development platform is designed to help companies that are re-engineering their sales processes and breaking away from today's all-in-one salesperson model in favor of a revenue supply chain approach. The solution helps today's sales prospecting teams organize their day, engage with prospects in their moments-of-interest, and automate the delivery and execution of multiple touch points necessary to reach today's sales prospects. "OppSource is leading the charge in helping B2B sales teams manage the shift in re-engineering their revenue supply chains," said OppSource President Mark Galloway. "Our long-standing industry experience and ability to be nimble when it comes to managing the latest trends puts us in the perfect position to take advantage of market opportunities. This round of funding is a testament to our vision and will help us accelerate our growth in leading this market."
About Next Frontier Capital
Next Frontier Capital is a venture capital firm primarily focused on investing in industries with high intellectual property values. The company partners with mission-driven, talented entrepreneurs who build companies of impact, utility, and value. The Fund's partners, investors, and advisors bring experience and expertise in venture capital and in starting and growing successful companies. The Fund, backed by investors from the world's top technology and venture capital firms, is seeking Montana technology investment opportunities primarily in industries dominated by high intellectual property values.
About OppSource
St. Paul, Minnesota-based OppSource is leading the market in providing a fully integrated sales development software platform that automates the orchestration, delivery, and tracking of multiple channels of sales outreach. Used by industry-leading B2B companies that have or are investing in dedicated sales prospecting teams, OppSource's sales development software provides specialized functionality to help sales teams be up to three times more effective at prospecting and developing sales-ready opportunities. More information about the company may be found at http://www.oppsource.com or by calling 877-742-8880.
Image Available: http://www.marketwire.com/library/MwGo/2017/5/17/11G139154/Images/Mark_Galloway01-9121dcf6b457bc77a6a0856c671cb54b.jpg
Contact Information:
CONTACT:
Jennifer Schwegman
jennifer@schwegmancommunications.com
(651) 247-6640
