Springbot Closes $15 Million In Funding To Power Marketing For SMB Ecommerce

Oct 23, 2018

Springbot, a data-driven marketing platform for ecommerce retailers, announced it has closed $15 million in funding led by North Atlantic Capital with participation from existing investors TechOperators, TTV Capital, Harbert Growth Partners, TechSquare Labs, Forte Ventures, and Silicon Valley Bank. Springbot will use the funding to continue developing solutions that support the growth objectives of small to medium-sized ecommerce merchants.

Over the past three years, Springbot’s annual revenue has increased 1,640%. The company has established partnerships and platform integrations with top eCommerce shopping carts BigCommerce, Magento, Shopify and most recently WooCommerce, and continues to develop technology and solutions aimed at leveling the playing field for small and medium-sized merchants.

Earlier this year, Springbot launched Springbot Exchange, a data co-op created for SMB retailers. Springbot invested significantly in new technology development and partnerships to launch the unique service. Customers have reported notable success with the first two Springbot Exchange features, Audience Expander and Onsite Abandonment, and additional features are planned for 2019.

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