7Summits Completes Additional Growth Equity Financing

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7Summits Receives Second Round Of Equity Funding To Extend Leadership Position In Social Community Space

This additional funding demonstrates confidence by our investors in our ability to deliver value to our customers and extend our leadership position in the social community space.

7Summits, a leading online community solution provider, today announced that the company has completed an additional equity financing, which will provide further financial resources to fund the company’s aggressive growth plans. 7Summits’ most recent round of equity funding includes participation from 7Summits Management Team, Salesforce Ventures and Sverica Capital Management, as well as additional investment from prior investors.

“This additional funding demonstrates confidence from our investors in our ability to deliver value to our customers and extend our leadership position in the social community space,” said Paul Stillmank, CEO of 7Summits. “I am excited to see a second investment from Salesforce Ventures as part of this financing round. It is a true testimony to what we are doing here and the success that we can deliver on the Salesforce Community Cloud. We expect to see significant growth opportunities for our customers as they partner with 7Summits to drive increased business value through the creation of energized experiences built on Community Cloud.”

“Following on the heels of Salesforce’s strong growth in Community Cloud, this capital raise provides 7Summits with the financial resources necessary to further accelerate in the market,” said Jordan Richards, Managing Director, Sverica Capital Management. “7Summits’ approach to providing scalable business value to customers is enabling online community marketplaces to continue to thrive.”

About 7Summits
7Summits is a leading online community solutions provider, guiding companies to engage their customers, partners and employees to grow their business and become more fully networked enterprises. 7Summits partners with premier technology companies like Salesforce and Jive Software to create business solutions that deliver top line revenue growth and bottom-line productivity improvements. The company is a valued strategic partner of Fortune 500 companies and has received investment funding from both Sverica Capital Management and salesforce.com. 7Summits is headquartered in Milwaukee, Wisconsin with an extended presence in Chicago, Atlanta, New York, Denver, Washington DC, California, Seattle, and Michigan. For more information, visit http://www.7SummitsInc.com

Salesforce Ventures
Salesforce Ventures—Salesforce’s corporate investment group—invests in the next generation of enterprise technology to help companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world’s largest cloud ecosystem and the guidance of Salesforce’s innovators and executives. With Salesforce Ventures, portfolio companies can also leverage Salesforce's expertise in corporate philanthropy by joining Pledge 1% to make giving back part of their business model. Salesforce has invested in more than 200 enterprise cloud startups since 2009. For more information, please visit http://www.salesforce.com/ventures

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Kari ONeil
7Summits Inc
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