Octiv Secures Nearly $5M in Funding

Posted: Updated:
Octiv CEO Dustin Sapp (file photo) Octiv CEO Dustin Sapp (file photo)
INDIANAPOLIS -

Indianapolis-based Octiv has completed a $4.75 million round of funding. The sales technology company says the latest round includes a major investment from GE Ventures, which will help the company previously known as TinderBox boost its product capabilities and engineering team.

GE Ventures is the venture capital arm of New York-based General Electric Co. (NYSE: GE). Octiv also received investments from High Alpha Capital, Greycroft Partners and Allos Partners. 

"Our latest partnership with GE is proof that workflow management in the cloud has become a must-have for enterprise organizations that need scalable solutions," said Dustin Sapp, co-founder and chief executive officer at Octiv. "This investment deepens our relationship with GE, and will help us to accelerate development priorities for our enterprise clients."

GE Ventures says the investment will allow Octiv to "significantly streamline enterprise sales and workflow processes for companies around the world." The company says working with Octiv has been critical to its new digital commerce platform.

Formerly known as TinderBox, the company announced in July it was rebranding itself as Octiv. The company is investing $3 million to expand its downtown Indianapolis headquarters and add up to 224 jobs by 2021.

  • Perspectives

    • How Technology And Innovation Can Transform The Classroom

      As we continue to embark through the Information Age, it's crucial for educators to implement new strategies that will meet the needs of both students and industries. Thanks to recent technology and innovative solutions, students are gaining more and more access to education outside the classroom, thereby expanding their learning and career opportunities in a variety of ways.

    More

Events



  • Most Popular Stories

    • Italian Company Picks Daleville For Continental HQ

      An Italian filter manufacturer is detailing plans to locate its North American headquarters in Delaware County. Filtrec S.p.A. says it will invest $1.3 million into a Daleville operation that could create 25 jobs by 2022. Governor Eric Holcomb announced the plans along with Delaware County and company officials during an economic development mission to Italy. Initially, Filtrec says it will occupy 5,800 square-feet in Daleville and it intends to double or triple that presence...

    • Automotive Parts Supplier Closing Indy Facility

      Michigan-based Federal-Mogul Motorparts LLC has announced plans to close its Indianapolis distribution and warehouse center. The company, which provides original and aftermarket automotive products, says the closure will result in the layoffs of 83 employees.

    • Salesforce, Pacers Partner on Digital Experience

      Indianapolis-based Pacers Sports & Entertainment Inc. and one of the largest technology industry employers in the state are joining forces to deliver what they say will be the "ultimate fan experience." The partnership with Salesforce.com Inc. (NYSE: CRM) will allow PS&E to connect with fans and concertgoers using email marketing, social media, digital advertising and customer service tools. The collaboration, PS&E and Salesforce say, will help...

    • Cathedral Kicks Off Capital Campaign

      In honor of its 100th anniversary, Cathedral High School in Indianapolis has publicly kicked off what it says is the largest capital and endowment campaign in the school's history. The Centennial Campaign seeks to raise $25 million to fund several projects, including a new Innovation Center.

    • (photo courtesy Blue Chip Casino)

      Blue Chip Casino to Break Ground on Expansion

      Construction is set to begin Thursday on an expansion at Blue Chip Casino, Hotel & Spa in Michigan City. The project will grow the venue's meeting and event space by about 15,000 square feet and is expected to be complete by the fall of 2019.