boodleAI Announces Closing $3.5M in Pre Series-A Funding
Tysons, VA based predictive analytics company boodleAI has finished its Pre Series-A Funding with Osage Venture Partners leading the round.
TYSONS, Va., Dec. 8, 2020 /PRNewswire-PRWeb/ -- People-Focused Predictive Analytics platform boodleAI today announced that it has raised $3.5 million in Pre Series-A Funding. Osage Venture Partners led the round, with participation from the Nathan J. Howard Trust, a Chicago-based Family Office, and Riverbend Angels, a Virginia based angel group. This new investment brings boodleAI's total funding to $8.7 million.
The company recently signed its 90th paid customer since launching the platform in August of 2019, serving both commercial companies and nonprofit organizations across a variety of industries and causes. boodleAI's customers have uploaded more than 2.5 million records, created over 300 custom predictive models, and completed upwards of 150 prediction projects on the platform since launch.
"As we emerge from our first year of sales and focus on a path forward as a 'grow-up' company versus a 'start-up' company, partnering with a firm like Osage with deep expertise in the B2B SaaS space will be essential to make sure we maximize our growth potential instead of reinventing the wheel," said Shawn N. Olds, CEO and cofounder of boodleAI.
"boodleAI is led by a team of compelling leaders with a track record of success who have built a product that makes powerful predictive analytics accessible to business users, which is not easy to do," said Sean Dowling, Partner at Osage Venture Partners. "We are excited to partner with the boodleAI team as the company expands its platform and continues to grow rapidly."
"We're honored to have Osage as our partner as we continue to delight our customers and democratize data science," said France Hoang, cofounder and Chief Strategy Officer.
"We are incredibly grateful that boodleAI's platform has allowed us to see through the fog of data created by our martech stack to create bespoke marketing campaigns for new and existing clients, while remaining GDPR/CCPA compliant," said Ryland Reed, Operating Partner at The Legacy Alliance & Legacy Special Operations Command. "2021 is going to be a breakout year for many of our brands, thanks in large part to boodleAI's platform."
This additional investment will enable boodleAI to continue developing its proven predictive analytics platform while accelerating efforts to expand geographically and through new partnerships.
About boodleAI:
boodleAI finds the best prospects in any contact list. It leverages proven automated intelligence/machine learning to rapidly model the untapped data sitting in organizations, along with billions of third party data points, to help organizations achieve significant lifts in conversion, engagement, and retention rates through descriptive and predictive analytics.
About Osage Venture Partners:
Osage Venture Partners (OVP) is a venture capital firm located just outside of Philadelphia, PA that partners with exceptional entrepreneurs building the next generation of leading B2B software companies in the Eastern US. With more than $200M under management, OVP has consistently focused on this strategy since its inception in 2005, making sixty investments in early stage B2B software companies over that time. For more information, visit: http://osageventurepartners.com
Media Contact
France Hoang, boodleAI, +1 (703) 995-5081, [email protected]
SOURCE boodleAI
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