Indy Tech Company Lands More Funding
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowIndianapolis-based WebLink International has secured more than $1.5 million in funding from multiple investment groups. The management software provider says it has raised more than $9 million in capital to date.
February 19, 2015
News Release
Indianapolis, Ind. — WebLink International, a leading Association Management Software provider, has secured $1.54 million in the latest round of funding from existing investors HALO Capital Group, Allos Ventures and Reservoir Venture Partners, along with new investors EXIMS Group and CGI Communications. With this recent investment, WebLink has raised more than $9 million of capital to date.
Founded in 1996, Indianapolis-based WebLink is a software as a service company, providing membership management software to more than 750 member based organizations.
WebLink began as a provider of software designed specifically for Chambers of Commerce. With an appetite for higher growth, WebLink has pursued a strategic expansion to target a much larger market of more than 120,000 trade and professional associations.
“I, along with a group of angel investors through the HALO investor group, made the first major investment in WebLink more than six years ago,” said Scott Webber, former CEO at Software Artistry, Autobase and BidPal. “Since then, I have enjoyed seeing and supporting WebLink's growth through my participation on the board of directors. I am especially excited about the increased market and growth prospects that WebLink is tapping into as they expand their world class association management software into dozens of new association verticals.”
This shift has proven immensely successful, driving 63 percent growth in new customer sales in 2014.
“We look at a multitude of investment opportunities on behalf of our clients at Fi3 Financial Advisors,” said Ivan Hoffman, CEO of Fi3 Financial Advisors. “We felt like the growth story at WebLink presented a unique opportunity for us to partner with the EXIMS Group to lead an investment that would help accelerate WebLink's expansion into a new, bigger software market.”
WebLink will use the capital to continue to fuel its growth and invest in their products and services.
“This is an exciting time at WebLink. The additional funding will enable us to provide an even better experience for our customers and further expand our technology product offering in the association market,” said DJ Muller, president, CEO and founder of WebLink. “This additional funding, along with a great product and great people, will drive company growth.”
In addition to securing funding, WebLink has recently been nominated as a finalist for TechPoint's 16th Annual MIRA Tech Sales and Marketing Award. The award recognizes companies that have demonstrated an ability realize noteworthy growth as a result of its 2014 sales and marketing campaign efforts.
About WebLink International:
Founded in 1996, WebLink International is the provider of WebLink Connect, the industry's most reliable association management software. Backed by dedicated customer support and unparalleled industry expertise, WebLink empowers hundreds of trade and professional associations and more than 650,000 small and medium businesses to help them acquire and retain more customers. WebLink International is headquartered in Indianapolis, Indiana. For the latest, follow @WebLink on Twitter, follow WebLink International on LinkedIn or visit weblinkinternational.com.
Source: WebLink International