Sigstr Lands $5M Funding Round

Posted: Updated:
Sigstr says the capital will allow it to advance its email signature marketing platform and accelerate hiring. Sigstr says the capital will allow it to advance its email signature marketing platform and accelerate hiring.
INDIANAPOLIS -

Indianapolis-based Sigstr Inc. has secured $5 million in funding. The email signature marketing platform says the money will support product development and hiring. The funding came from organizations including Hyde Park Venture Partners and High Alpha Capital.

Sigstr's platform aims to use employee email signatures as a marketing channel. The company says it recently attracted its 300th customer, topped 500 million signature impressions and grew its team to more than 30 employees. Its customers include Indianapolis-based Angie's List Inc. (Nasdaq: ANGI), California Closets and United Way.

The company says the funding will allow it to grow its product, sales and marketing teams.

Last year, Sigstr announced plans to invest nearly $1.5 million to double its downtown Indianapolis footprint and add up to 111 jobs. The company was the first to launch from the High Alpha venture studio.

Tim Kopp, partner with Hyde Park Venture Partners, calls employee email "the last marketing channel that has gone untapped," adding "work email is the first thing you look at when you wake up in the morning and the last thing you check before you go to bed."

  • Perspectives

    • Increasing Women Leaders in Companies and Associations

      As members of an industry largely populated by male professionals, we see firsthand the need for more diversity. As Katie Culp, president of KSM Location Advisors, noted in a recent blog, diversity leads to better business decisions.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Coal Loading Facility Planned For Princeton

      A subsidiary of Denver-based Hallador Energy Co. (Nasdaq: HNRG) has announced plans to construct a new truck-to-rail coal loading facility near Princeton. Sunrise Coal LLC in Terre Haute says the facility, known as the Princeton Loop, is expected to be complete in the spring of 2018. 

    • Opioid Withdrawal Treatment Lands FDA Clearance

      The U.S. Food and Drug Administration has given clearance for a medical device developed in Indiana to help treat symptoms of opioid withdrawal. The device, known as the NSS-2 BRIDGE, was created by Innovative Health Solutions Inc. in Versailles.

    • The Critical Importance of Shared Vision

      Vision statements and vision exercises - many organizations have them, but do they work? Business literature on the power of vision exists in abundance. But the real challenge about this strategic element is achieving and acting on a truly shared vision. Make no mistake, the power of shared vision moves mountains, and it's worth the required effort. Here are some thoughts to consider.

    • Holcomb Makes Board Appointments

      Governor Eric Holcomb has made another round of appointments to various boards and commissions. They Include the Indiana Public Defender Commission, the Indiana Tourism Council and the Indiana State Fair Board.

    • On-Air

      Find out when and where you can watch and listen to our reports.