TECOBI Nets $1.5 Million in Debt Financing from Lighter Capital to Help Expand Size, Scope

crm


Jason Girdner (CEO) Scarlet Mick (VP) and TEAM TECOBI

Jason Girdner (CEO) Scarlet Mick (VP) and TEAM TECOBI

We are delighted that Lightner Capital believed in us and saw the level of commitment we have to client success.

TECOBI, a leading SaaS company in the automotive industry, today announced it has raised $1.5 million in debt round financing. The financing was led by Lighter Capital, the largest provider of non-dilutive debt capital to start ups.

TECOBI will use the funding primarily to fuel growth and keep up with new client demand as they expand their operations and provide service to an increasing number of clients in North America.

“As our company growth accelerates and transforms to a SaaS revenue model, we felt growth capital could be effectively deployed across further software development and increasing our sales force headcount,” said TECOBI Founder and CEO Jason Girdner. “We are delighted that Lightner Capital believed in us and saw the level of commitment we have to client success.”

Over the past year, TECOBI has seen growth of approximately ten percent per month from its SaaS platform and next-generation CRM software. Currently, TECOBI provides services for nearly 1000 clients in North America, including dealers and recently added services for individual salespeople.

About TECOBI

TECOBI is a leading SaaS company in the automotive industry. TECOBI’s wholly developed software provides auto dealers and salespeople access to a text message-based platform that delivers the best solution for follow-up with sales leads. TECOBI offers human-to-human interaction, as opposed to most other CRM-type services, which use passive robot solutions. TECOBI services both independent and franchise relationships in North America.

More information can be found at: http://www.TECOBI.com

Share article on social media or email:



Read More:TECOBI Nets $1.5 Million in Debt Financing from Lighter Capital to Help Expand Size, Scope

Articles You May Like

Telecom Diary: Jio’s subscriber winning streak ends, Vodafone Idea back in action – ET
Cloud Accounting Technology Market Size, Growth 2028
Cloud Computing in Higher Education Market 2021-2030 Future Outlook
SAP Cloud Momentum Accelerates – GuruFocus.com
Meet Europe’s fastest-growing bootstrapped companies