Des Moines-based Pitchly announced this week it has completed a $7 million Series A funding round.
A new investor, Homegrown Capital, led the financing and was joined by additional new investors including Jason Calacanis’ Launch Fund & Syndicate and existing investors Next Level Ventures, ISA Ventures, Great North Ventures, M25, and Cabra.vc.
The new investment will be used to accelerate Pitchly’s growth. Specifically, the funding will be utilized to build its sales and marketing team, expand its Software as a Service (SaaS) product offering, and grow the company’s customer community.
“The market is calling for us to accelerate our business plan and to do that we’ll be growing quickly. Our comprehensive strategy includes expanding our experienced team, delivering new innovative products this year, and expanding our partner ecosystem,” said Ryan Gerhardy, CEO of Pitchly.
“We were incredibly impressed with Pitchly’s technology platform and the customer base they have attracted. They are demonstrating strong traction in the market and we are thrilled to lead the company’s first growth round. We are excited to see where the company goes from here!” said Matt Paulson, Pitchly Board Member, and Managing Partner of Homegrown Capital.