CARY – Zift Solutions is ready for further growth following closing on $70 million in additional funding in a round led by Investcorp Technology Partners.
The company announced the funding in a statement on Monday, noting that its existing institutional investors had also participated in the round.
With the funding from Investcorp, the firm became the majority shareholder in Cary-headquartered Zift Solutions, which also operates an office in New Jersey and an office in the United Kingdom.
“We are delighted to be partnering with Investcorp Technology Partners as we enter this next stage of growth,” said Gordon Rapkin, Chief Executive Officer of Zift Solutions said in the statement. “Investcorp demonstrated a strong understanding of our business and the potential of the markets we serve. They are the right partner to support our international expansion given their global expertise. We look forward to working with Investcorp to continue our growth journey and capitalize on the fast-growing channel technology sector, as well as on the value it provides in helping organizations scale their own growth.”
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Capital is fuel for further growth, international expansion
The company noted that the firm is now poised to accelerate its go-to-market strategy, increase its capacity to expand to additional international markets, and otherwise fuel the growth of the firm.
“Our investment in Zift aligns with ITP’s mission to support high-growth companies with proven products and end markets,” said Gilbert Kamieniecky, head of ITP in a statement. “Zift’s solutions help to solve an increasingly complex issue for marketing and sales-driven businesses, making relationship management simpler for companies across industries. We’re excited to be partnering with Zift and helping the Zift team take the business to the next level.”
The company was founded in 2006 and its ZiftONE platform helps companies manage workflow from “onboarding to enablement, lead generation to marketing, all the way through sales.”
Triangle area venture capitalists predicted earlier this month that 2023 would remain a good year for Triangle startups to raise capital.
