Homegrown Capital leads round to fund rapid business expansion of innovative data enablement software and services
SAN FRANCISCO, CA – March 14, 2023 – Pitchly, the no-code data enablement company creating new ways for work to be done, announced it has completed a $7 million Series A funding round. A new investor, Homegrown Capital, led the financing. Homegrown Capital was joined by additional new investors including Jason Calacanis’ Launch Fund & Syndicate and existing investors Next Level Ventures, ISA Ventures, Great North Ventures, M25, and Cabra.vc. The new investment will be used to accelerate Pitchly's already impressive growth. Specifically, the funding will be utilized to build its sales and marketing team, expand its Software as a Service (SaaS) product offering, and grow the already passionate customer community.
The Pitchly data enablement suite empowers knowledge workers at global enterprise and professional services firms to put their data to work by centralizing and activating data to deliver real-time content and document generation. The result is a streamlined, compliant, repeatable process for using data to create customized content for documents and the web. This custom content powers organizational growth.
“The market is calling for us to accelerate our business plan and to do that we’ll be growing quickly. Our comprehensive strategy includes expanding our experienced team, delivering new innovative products this year, and expanding our partner ecosystem,” said Ryan Gerhardy, CEO of Pitchly.
"We were incredibly impressed with Pitchly's technology platform and the customer base they have attracted. They are demonstrating strong traction in the market and we are thrilled to lead the company's first growth round. We are excited to see where the company goes from here!" said Matt Paulson, Pitchly Board Member, Managing Partner of Homegrown Capital and Founder and CEO of MarketBeat.
Pitchly users reduce the time spent searching, creating, formatting and publishing content and repetitive documents by up to 93%. The Pitchly data enablement suite delivers the ability to:
- Manage data collection, integrations and approvals to drive accessibility and enablement
- Design smart data-connected content templates using a drag-and-drop editor, and rule builder
- Create and publish live data-driven content to documents, APIs, and partner products.
“We selected Pitchly because they are the market leader in this category and demonstrated a short time-to-value with their innovative approach,” said Monica Rodriguez Kuniyoshi CMO, Gunderson Dettmer. “Pitchly is an integral part of our data strategy. It’s exciting to see Pitchly growing and expanding.”
To learn more, view Pitchly’s 2022 wrap-up summary of its second consecutive year of top-tier customer retention, 90%+ ARR growth, innovative product expansion, and partner ecosystem and team growth. The company is also consistently releasing thought leadership about data enablement, technology and automation including the new Accelerating Growth in Professional Services 2023 Industry Report.
Pitchly was founded on the belief that the future of work is data-driven, not task-driven. With a focus on solving the last mile dilemma for business data, Pitchly has created a place where people, data and content come together to generate real business outcomes. Pitchly's data enablement suite of applications, extensions, and integrations empowers collaboration, automation, and bottom-line value. Visit Pitchly online at www.pitchly.com.
About Homegrown Capital
Homegrown Capital is a venture capital company that invests in early-stage, technology-driven companies that can demonstrate strong scalability. Homegrown has a focus on actively participating in portfolio companies at a board level to provide expertise and connections to grow the business. Visit Homegrown Capital at www.homegrown.capital.