On March 22, 2016 SharpSpring announced the establishment of a $2.5 million revolving credit facility. The article headline and release focus on the creation of that credit facility. The published text does not describe SharpSpring’s products, business model, or future plans. The announcement provides no operating metrics such as revenue or user counts. The release likewise does not identify lenders, investors, or detailed financial terms beyond the facility size and type. The distribution includes a long list of other company names, but the document contains no additional SharpSpring financial disclosures. SharpSpring offers an SMB-focused marketing analytics and automation platform that integrates with salesforce.com and clients' websites to analyze, optimize, and automate lead generation through the full sales cycle. The platform incorporates technology licensed from the University of Florida and is positioned as a simple, cost-effective alternative to enterprise solutions, usable by as little as one marketing person. SharpSpring emphasizes immediate ROI through increased lead generation and streamlined sales processes. According to the company, it completed initial product development and has begun executing a go-to-market strategy, launching with its first customers ahead of schedule. Funding from the Institute, combined with private investor capital, supported these milestones and is intended to bridge funding gaps and attract additional private investment.

Total raised

$3M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Mar 2016