FullContact raises new $25M investment round led by Foundry Group

Wednesday August 10, 2016 Tags: Denver, FullContact, Bart Lorang, Brad Feld, Foundry Group

DENVER -- FullContact, provider of a powerful contact management platform for professionals and enterprises, today announced a $25 million investment round led by Foundry Group.

Other participants in this round include Baird Capital, Shea Ventures, and Blue Note Ventures bringing FullContact’s total investment to date to $50 million.

The company said it plans to use the new funding to continue building the most adaptive and powerful platform for managing the world’s contact information.

FullContact has three fast-growing product lines with contact management solutions for individual professionals, businesses, and software developers.

FullContact’s solutions for businesses and developer APIs provide B2C companies and SaaS companies with a robust sharing and integration platform supporting complete customer profiles that include social interests and insights.

“Nearly every professional, small business, large brand, and software solution has a problem turning partial customer data and contact information into complete 360-degree profiles,” said Bart Lorang, FullContact’s co-founder and CEO.

“FullContact is an extensible platform with the ability to integrate seamlessly and solve complex contact data management problems for any individual or business.”

“With over 40 billion contact records under management, FullContact was already on track to more than double recurring revenue for the fourth straight year,” said Brad Feld, Foundry Group managing director.

“The funding will be used to support the company’s rapid growth by further expanding sales, marketing and engineering as well as pursuing strategic acquisitions that bolster our technology and data assets.”

FullContact said it will seek to expand through additional strategic acquisitions and has plans to more than double its workforce in the coming year.

FullContact is headquartered in Denver with offices in Riga, Latvia and Dallas, Texas.

FullContact said it is planning additional offices and hiring in the second half of 2016. Previous acquisitions include Cobook, a leading mobile contact management application; nGame, a SaaS-based enterprise customer data intelligence solution; and Brewster, a social address book enabling users to access contact information across networks.