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United States : LanternCRM announces $250k in funding from ANGEL INVESTORS

May 7, 2014

$250k has been raised by LanternCRM in funding from angel investors Jason Cohen of WP Engine, Rob Taylor of Black Locus, Mikey Trafton of BlueFish, Bill Boebel of Pingboard, Pat Matthews formerly of Rackspace, and Joshua Baer of OtherInbox and the Capital Factory Fund.

The funding arrives as signups rises 300% across a period of 3 months, comprising the Austin Chamber of Commerce.

The team is being scaled up by the company, in formulation to sustain with demand and further develop their client base.

LanternCRM distinguishes itself from industry leaders Salesforce and Microsoft Dynamics in their ability to perfect core boasts the market has long requested, covering automatic email tracking, phone service, and integration with hundreds of existing business services.

As per Alex Smith, CEO and Co-Founder,"We found that a vast majority of users either hated their current CRMs or didn't use them because they required too much manual data entry. By focusing on automatically importing from existing systems like email, calendar, and phone, our users can focus on building their business instead of maintaining information in their CRM. Whether our users login every day or once a month, LanternCRM requires no manual entry."

Baer added, The CRM market for enterprises may be maturing, but the market for small businesses is wide open and growing, fueled by the popularity of mobile and tablet computing. Entire industries that still operate on pen and paper or email and spreadsheets are going to be transformed over the next few years .

David Weiser, COO and Co-Founder stated, One important addition is our Spreadsheet View, allowing users to edit information in a way everyone is familiar with. This allows those comfortable with spreadsheets to make an easier transition to LanternCRM .

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Source: TendersInfo (India)

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