Financing led by Camber Creek, GRI Fund and Blue December Venture Group
BALTIMORE, MD – SALESWARP, a leading provider of omnichannel commerce management software, to the SMB and Enterprise retail market, has raised $3.5 million in Series A funding led by Camber Creek. GRI Fund, Blue December Venture Group, Maryland Venture Fund, and Cranbrook Capital also participated in the round. Rob Tobin and George Rich will join the SalesWarp Board of Directors.
SalesWarp will use the proceeds to expand sales of its SaaS and Enterprise products by growing its sales, marketing, engineering, and client implementation teams. The company also plans to expand its partner channel to cement its focus on becoming a retailer’s mission control center.
“SalesWarp is a disruptive product that offers retailers an easy way to improve both sales and profit margins,” said David Potts, Founder and CEO of SalesWarp. “The combination of this new capital and experienced investors is helping us quickly grow the organization to meet the demands of our growing SaaS client base and expand our product line to serve more of the SMB market.”
“At Camber Creek we continuously look for smart, emerging companies that can leverage our networks and retail experience,” said Casey Berman, Managing Partner of Camber Creek. “SalesWarp has built the next generation solution to bridge the online and off-line retail experience. We are excited to work with David and his team, helping SalesWarp drive tremendous market-adoption.”
Camber Creek has invested in real estate related technologies companies such as Fundrise, Canvas, and Comstak. The fund leverages connections in the industry as well as physical real estate assets to help technology companies grow.
SALESWARP, developed by 6th Street Inc., is a commerce management software solution that helps retailers accelerate top-line growth while improving bottom-line profitability. SalesWarp eliminates software silos so retailers can manage their operations more efficiently, get the intelligence to make better business decisions, and reach more customers through more channels. SalesWarp provides tools to manage orders, inventory, products, suppliers, customers and fulfillment across all channels and distribution outlets. SalesWarp’s cloud-based software is highly scalable and delivers unmatched performance so retailers at every level can sell more, make more and manage less.