ActiveCampaign raises $20 million after 13 years of bootstrapping
ActiveCampaign, a marketing and customer management software provider based in Chicago, has raised $20 million — its first outside funding since it was founded 13 years ago, the company said Tuesday.
Tens of thousands of businesses use ActiveCampaign, and the company's revenue is more than $10 million annually, said founder and CEO Jason VandeBoom.
The company employs more than 75, up from 14 in 2015. VandeBoom said he hopes to hit 100 employees by year-end and double the company's headcount within nine months.
ActiveCampaign is a software-as-a-service company that offers tools for email marketing, customizable automated marketing campaigns and customer retention. The pricing depends on how many features and contacts a customer has.
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