Social CRM Provider Nimble Attracts Big-name Investors for Seed Round
Nimble gets $1 million in seed funding from investors including Mark Cuban, Don Dodge, Jason Calacanis and Dharmesh Shah.
A sure-fire way for a software company to earn a little media buzz is by attracting big-name investors. That’s certainly the case for Nimble, a provider of social CRM solutions that today announced it raised $1 million in seed funding.
While the amount wasn’t huge, the reputations of its investors certainly were. The funding round was led by Google Ventures, Google’s venture capital arm that, according to Google, “embrace[s] the challenge of helping young companies grow from the proverbial garage to global relevance.“
Also contributing were a lineup of prominent angel investors including Dallas Mavericks owner Mark Cuban; Jason Calacanis, founder of several tech companies including Weblogs and Mahalo; former Microsoft start-up evangelist Don Dodge, now a Developer Advocate for Google; and Dharmesh Shah, founder and CTO of Hubspot and a blogger for OnStartups.com.
Nimble, which focuses on small-to-mid-size companies, was founded in 2009 by Jon Ferrara, who earlier founded, led and sold Goldmine Software, a provider of CRM and salesforce automation tools that earned PC Magazine's “Editor's Choice” awards in 1993, 1995, 1996 and 1997.
Nimble has garnered accolades as well, including PC Magazine’s “Editors' Choice,” a spot on Gartner’s list of "Cool Vendors" for social software and collaboration and a place on CRM expert Paul Greenberg’s "CRM Watchlist 2011.”
According to Ferrara, Nimble is planning a new release of its software later this month. Vangie Beale reviewed Nimble’s Contact application for EnterpriseAppsToday in June.