https://www.builtinchicago.org/2018/...-funding-round
Showpad's Chicago office to double in size after $25M funding
by Michael Hines
|January 24, 2018
The
Belgian startup, which has its
North American headquarters in Chicago, has added an additional $25 million to its Series C round. The fresh funds come from Insight Venture Partners, the lead investor on the company’s previously announced $50 million Series C. The new capital brings Showpad’s Series C to $75 million and its total funding to $89.5 million.
“The additional funding we raised is all about growing the business, making marketing investments and sales investments,” said COO Jason Holmes. “A lot of that growth is going to come from our Chicago office.”
We’re building out our marketing organization primarily in Chicago and will continue to build the core of our global marketing team here.”
...
Showpad opened its Chicago office in September...
“We’re building out our marketing organization primarily in Chicago and will continue to build the core of our global marketing team here,” said Holmes. “I expect our office to be at 40 people or more by the end of quarter two.”
...
“I joined Showpad for a few reasons, one of which was because I wanted to build this business in Chicago,” Holmes said. “I wanted to create a great enterprise SaaS win for the city. Five months in and I couldn’t feel any more optimistic about the decision I made and where we’re headed.”