A California-based Software-as-a-Service startup is receiving an investment from a newly-formed seed fund out of Indianapolis. Emerged Inc. says the undisclosed investment from Round One Capital will be used to scale its platform and further fuel sales and marketing efforts.
Emerged says its platform is focused on bringing qualified leads to sales teams at healthcare organizations. As a result of the funding, Round One Capital co-founder Jay Love will join the startup’s board of directors.
“This is a pivotal partnership for us, and we’re thrilled that an investment partner like Round One sees so much potential in Emerged,” Alison French, co-founder and chief executive officer of Emerged, said in a news release. “This capital injection, coupled with the addition of a renowned SaaS veteran like Love sitting on our Board, will help us continue to scale and get our products into the hands of more healthcare organizations globally.”
Love and three other veteran entrepreneurs and angel investors founded Round One Capital in March. At that time, Love told Inside INdiana Business the fund’s goal was to support emerging startups from a variety of sectors, with a focus on technology.
“I have enjoyed watching Emerged make a name for itself as a premier healthcare SaaS company,” Love said. “Its business model, evidence of recurring revenue and operational excellence are key indicators of its future success, and I look forward to bringing my unique suite of knowledge to the table to help Emerged continue to scale.”