Allbound provides a next-generation PRM platform that simplifies onboarding, training, measurement, and growth for indirect sales partners, automating delivery of marketing content, sales tools, and training across the pipeline. The company says customers have sold more than $100 billion through its platform and that it has shortened sales cycles by over 60%. Allbound reports over 300% growth in annual recurring revenue since 2019. Its customer roster includes Box, Gainsight, and GE. Management plans to use newly raised capital to accelerate investments in sales and marketing and to fund further enhancements to the PRM product. Forrester estimates the channel software market will grow from $3.2 billion in 2022 to $5.7 billion by 2026 at a 15% CAGR, and Allbound says it is outgrowing that market. Allbound provides a SaaS Partner Relationship Management (PRM) platform that enables companies to build partner programs focused on partner enablement, communications and pipeline management. The platform works as a layer in a company’s technology stack by integrating with tools companies already use, such as their CRM. The company raised $3.61M in a Series A led by Canal Partners, bringing total funding to date to $7.4M. Allbound says it intends to use the funds for product enhancements. The Series A included participation from KLH Venture Partners, Tallwave Capital, Arizona Founders Fund and Stout Street Capital. Jim Armstrong, founder and CEO of JDA Software, will join Allbound’s board and Wain Kellum will join as Executive Chairman.

Total raised

$47M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2022