What is Entomo?
Entomo specializes in cloud-based channel revenue management software and services, designed to help businesses navigate the complexities of their distribution channels. The company's platform, SmartHub, aims to automate and simplify channel-related workflows, processes, and financial activities. By enabling better partner performance, collaboration, and compliance, Entomo assists global enterprises in capturing unrealized revenue and reducing operational costs. Its client roster includes prominent names such as Brother International, Broadcom, and Dolby Labs, highlighting its established presence in the enterprise software sector. The company's focus on channel management positions it as a key player in optimizing partner ecosystems for large organizations.
How much funding has Entomo raised?
Entomo has raised a total of $27M across 6 funding rounds:
Series A
$7M
Series C
$12M
Private Equity
$569K
Debt
$2M
Private Equity
$2.5M
Series B
$2.9M
Series A (2000): $7M with participation from OVP Venture Partners, SeaPoint Ventures, and Digital Partners
Series C (2003): $12M led by OVP Venture Partners, SeaPoint Ventures, and Digital Partners
Private Equity (2011): $569K, investors not publicly disclosed
Debt (2014): $2M, investors not publicly disclosed
Private Equity (2017): $2.5M, investors not publicly disclosed
Series B (2021): $2.9M, investors not publicly disclosed
Key Investors in Entomo
OVP Venture Partners
OVP Venture Partners is a venture capital firm with a long history of investing in high-growth technology markets, particularly in the Pacific Northwest. They focus on early-stage investments in cleantech, digital biology, and information technology, and have a strong track record of successful liquidity events.
SeaPoint Ventures
SeaPoint Ventures is an investment firm that initially operated as a 'point fund' for national venture firms, sourcing and directing investments in the Pacific Northwest. They continue to invest in seed and early-stage technology companies across the U.S.
Digital Partners
Digital Partners is an entity that has participated in Entomo's funding rounds. Further details regarding their investment focus or specific domain are not available in the provided data.
What's next for Entomo?
With a substantial enterprise-level funding history and a recent strategic investment, Entomo appears poised for accelerated growth and market penetration. The company's Series B funding in 2021, following earlier rounds including Series C and Private Equity, suggests a mature lifecycle stage focused on scaling operations and enhancing its platform's capabilities. This strategic financing is likely to be directed towards expanding its sales and marketing efforts, further developing its SmartHub platform, and potentially exploring new market segments or international expansion. Entomo's continued ability to attract significant capital indicates strong investor confidence in its business model and its role in addressing critical channel revenue management challenges for global enterprises.
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