Data-driven SaaS vendor receives investment to further grow its data management and document generation solutions.
Pitchly has successfully completed a $2.5 million investment, which will be used to drive customer growth, expand product capability, and continue helping businesses put their data to work.
The investment, which includes debt and equity, was led by Next Level Ventures, with participation from Great North Labs, Twelve19 Ventures, Wellmark, and Nelnet Ventures.
“This investment comes on the heels of a 5x subscription revenue growth, primarily from referrals”, said Ryan Gerhardy, CEO of Pitchly.
“We now have the opportunity to aggressively grow our user base and deliver our next generation product to meet the diverse needs of our customers, including our traditional sectors of law and professional services and new sectors like technology.”
Raising an investment round during COVID-19 was complex, however, Gerhardy noted that the process boosted confidence in the value of Pitchly’s offering.
“It is a testament to our team, customers, and shareholders, and it demonstrates the value Pitchly provides by ensuring secure remote access to critical business data and the ability for employees to generate key content from wherever in the world they may be located.”
“We believe business data is an asset that when put to work, can free employees from monotonous and repetitive tasks, allowing them to focus on the value inherent in that data. This investment brings us closer to our goal of true work automation from data,” concluded Gerhardy.
Today, Pitchly’s products – Pitchly Database, Pitchly Documents, and Pitchly Forms – are utilized by a diversified global client base that includes the likes of accounting firm BDO, and law firms Stroock & Stroock, Hinshaw & Culbertson, and Choate, Hall & Stewart.