I am excited to announce that Webgility has raised $2.5 million in growth funding from SaaS Capital! We will use the funding to increase headcount, ramp up product development, and expand into new vertical markets. This is an exciting year for our company and we can’t wait to show you what’s next.
“We’re excited to welcome Webgility to our portfolio, the first out of Fund II,” said Rob Belcher, SaaS Capital Managing Director, West Coast. “Webgility is a terrific match for SaaS Capital’s recurring revenue-based line of credit. The company is growing quickly and has a great opportunity in front of it, and while not ruling out the possibility of ever raising equity from VCs – true to their bootstrapped roots – management wanted to remain as equity efficient through this period of high-growth as possible.”
Read the full release here.