We announced the completion of a successful Series A-1 funding round at the Internet Summit in Raleigh, NC on Nov 14th, where the focus on Big Data and Marketing Automation highlight the growing demand for Windsor Circle’s software. Matt Williamson, Windsor Circle CEO, and myself were in attendance.
The Series A Prime (A-1) was oversubscribed by over 40%, adding approximately $950k in working capital. Since the press release, we had last-minute interest at the Internet Summit itself and ended up completing the round at the $1MM cap that we'd set. This means that to-date, Windsor Circle has now raised over $2.4MM in venture capital and angel funding in 3 rounds (Seed, Series A, and Series A-1), and we are projected to end 2013 with more than 200% growth in both revenue and clients. Investors in the round include RTP-based Triangle Angel Partners (TAP) and Idea Fund Partners.
The capital raised will enable a move into the American Underground @Main’s anchor tenant office space, 7+ new hires, and the acceleration of marketing, client acquisition and development.
As soon as we sent out our press release, we received media inquires from all over the country. Here are links to just 10 of the stories that came out today: