[September 16, 2014] |
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Windsor Circle Announces New Capital Investor at 2014 CED Tech Ventures Conference
DURHAM, N.C. --(Business Wire)--
Windsor Circle, an industry leader in data-driven
customer retention software, will attend the 2014 CED
Tech Venture Conference in Raleigh on September 16-17, a celebration
of the high-growth trend of North Carolina cities like Raleigh that have
technology companies shaping the future of ecommerce, new media, and
data. Today at 1:45pm, Windsor Circle will announce Origin
Ventures' recent $1 million investment in the company, and the
future growth possibilities it supports.
As a 2014 Showcase Company at the conference, Windsor Circle Co-Founder
and CEO Matt Williamson will speak about the company's data-driven
retention automation products and ongoing developments. During his
presentation, Williamson will announce the addition of $1 million in new
capital by Chicago based Origin Ventures, completing the company's
Series B round at $6.25MM in total funding.
"Origin Ventures is a fantastic new partner," stated Williamson. "Their
extra funding will allow us to increase the number of new product
features we can develop, and hire for additional roles, including a world-class
Product Manager to enhance our ongoing efforts to build a
world-class retention automation platform."
Origin Ventures provides startups with the intellectual and financial
capital to help them navigate growth, and their portfolio includes
successful companies such as GrubHub, IfByPhone, and Shoutlet. .
"Windsor Circle has a great leadership team, and offers a very valuable
product to retailers world-wide," said Brent Hill, a partner at Origin
Ventures. "Data-driven
marketing automation unlocks significant value, and Windsor Circle's
products are demonstrating tremendous ROI for clients. We are delighted
to support the leader in this disruptive technology field."
Ben Kirshner, CEO of top 500 retailer CoffeeForLess.com, said "Windsor
Circle's software is game-changing. Not only are we making tremendous
ROI, but the automation capabilities free my team up to tackle other
important tasks."
CoffeeForLess was recently inducted into Windsor Circle's "$1MM
Circle", highlighting retailers who are making over $1 million a
year from emails enabled by Windsor Circle's technology. Windsor
Circle clients include top retailers like Bonobos, Case-Mate,
CafePress Services, Gaiam, SurfStitch, and Spangler Candy. On average,
Windsor Circle's clients make 18x ROI from the software, and increase
revenue from repeat buyers 20% year-over-year.
Origin Ventures joins Comcast Ventures, IDEA Fund Partners, Triangle
Angle Partners, and AOL (News - Alert) Founder Steve Case to close Windsor
Circle's Series B round at a total of $6.25MM of capital. Windsor
Circle will have a booth in the exhibit hall to showcase the 11+ new
positions at the company that the Series B investments have enabled, and
to share ongoing product developments.
"We're excited about the significant product development opportunities
this recent investor funding provides us," remarked Windsor Circle
Co-Founder and CTO Chris Humphries, who was recently honored with a 2014
CIO Award by the Triangle Business Journal. "We'll be announcing the
first in a long list of new abandoned
cart recovery upgrades at the ExactTarget
Connections conference next week."
Windsor Circle joins 600 of the nation's most promising early-stage and
high-growth companies, leading investors, and tech enthusiasts at the
conference, where entrepreneurs and attendees will have a chance to
build networks and make connections with investors, strategic partners,
and other industry professionals needed to build successful companies.
About
Windsor Circle:
Windsor Circle's Retention Automation Platform helps online retailers
keep and monetize their existing customers through data-driven,
personalized and automated lifecycle marketing programs, connecting
e-commerce platforms, email marketing software, and other data sources;
analyzing customer purchase history and behavior; and automating
customer loyalty, product recommendation, and other segmented email
campaigns.
About
Origin Ventures:
Founded in 1999 by Steve Miller and Bruce Barron, Origin Ventures is an
early stage venture capital firm based in Chicago, IL. The firm is
investing from Origin III, a $47M fund closed in January 2013. Previous
investments include Grubhub (NYSE: GRUB), ifbyphone, Shoutlet, Ahalogy,
and Bottlenose. For more information, visit www.originventures.com
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