Carmel Tech Company Oversubscribes Funding Round

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The company's platform aims to help clients engage customers and increase retention rates. The company's platform aims to help clients engage customers and increase retention rates.
CARMEL -

Carmel-based customer management platform provider Bolstra has wrapped up a $1.5 million round of funding, which it says is a 50 percent oversubscription. The company, formerly known as ConsulTeams, says the investment was led by Elevate Ventures.

Bolstra also announced three leadership appointments. Jon Stevenson will be chief sales officer, John Warne will be vice president of marketing and Tim Conder will bil vice president of customer success.

Bill Godfrey, an early investor and board member of the company, also took part in the latest round of funding. In a release, he said, "Bolstra's momentum is a result of its compelling vision, highly differentiated product and exceptional leadership team."

The company's platform aims to help clients engage customers to help them achieve desired outcomes with a goal of increasing customer value and retention rates.

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