MobilePaks Raises $2 Million in Seed Funding

PORTLAND, Ore. - Sept. 22, 2014 - PRLog -- MobilePaks, an award-winning cloud-based marketing and sales enablement tool, today announced it has closed a $2 million seed round of funding, led by the Oregon Angel Fund. The investment will be used to expand MobilePaks product innovation, as well as accelerate the market growth of its sales, marketing and channel solutions.

“We are excited to invest in MobilePaks technology as it fills a gap between marketing automation and CRM that is largely manual and riddled with waste today. In doing so, MobilePaks is positioned to help organizations increase sales and marketing productivity and effectiveness,” said Eric Rosenfeld, founder of the Oregon Angel Fund. “At the Oregon Angel Fund, we pride ourselves on finding and investing in Oregon and SW Washington companies that have the potential for venture-scale ROI within a few short years. MobilePaks exudes this capability.”

“Oregon Angel Fund has a strong track record of working with many of the best and most promising Northwest start-ups and we are glad to be in their portfolio,” said Chanin Ballance, MobilePaks CEO. “Our goal at MobilePaks is to fundamentally change how people develop, access andshare knowledge in business today –with an initial focus on sales and marketing productivity, MobilePaks helps companies accelerate revenue while gaining valuable insight to what their employees use and need to be effective."

Since the launch of its product, MobilePaks has witnessed significant new customer growth, with Cisco, Tripwire, ESI, Skyward International, CEB and other leading companies adopting its solution.  In addition, MobilePaks has received industry accolades, including:
* Horizon Interactive Awards - Silver Level award for “On-Demand Knowledge Sharing and Sales Enablement”
* Davey Awards – Silver, Mobile Applications
* Smart Selling Tools - Top 40 Sales Tools of 2014
* Stevie® Awards for Women in Business, New Company of the Year

About the Oregon Angel Fund (OAF)
Founded in 2007, OAF is a community supported, professionally managed, investor driven angel fund backed by the leaders of Oregon’s business and technology community, the Oregon Growth Board, and the Oregon Community Foundation.  OAF invests $7 million annually in the most promising startups and early-stage growth companies in Oregon and SW Washington.  Over 1,400 jobs have been created by the 36 companies in the portfolio.  For more information, please visit: www.OregonAngelFund.com

About MobilePaks
MobilePaks helps companies improve sales effectiveness and productivity with scalable products for managing content and support in the way sellers learn, retain and use. MobilePaks' exclusive Relevance Engine™ automatically recommends pertinent content and support based on the sales stage, prospect type and preferences of sellers and managers. From product updates and competitive intelligence to how-tos, employees can access short bits of knowledge when and where they need it – as well as share approved content with customers. Marketing and Sales leaders glean insights to track behavior, needs and direct feedback for better alignment. MobilePaks solutions are available as stand-alone web applications and can also be integrated with partner portals and CRM systems like Salesforce, Oracle CRM and Microsoft Dynamics, as well as Marketing Automation Systems such as Marketo and Eloqua. For more information, contact MobilePaks at 1-800-737-8481 or visit www.mobilepaks.com.