Corporate360 raised US$200,000 - Expanding to global markets

Jan. 20, 2015 - PRLog -- Singapore Headquartered B2B marketing data software provider Corporate360 raised $200,000 in angel funding from seed investors that will be used to launch a new marketing data product & expand their data science and sales teams

Corporate360 also recently hired two new senior team members: an Enterprise Sales Director and a CTO. The company in discussions with 10 engineering colleges and partnered with ICT Academy of Kerala to partner on campus drives to hire 20 engineers and 50 interns in Singapore and India this year.

“These moves will support our efforts to disrupt the marketing data industry and to continue providing the highest quality service to our customers.

We are in a unique position to be the example for the nascent start-up scene in Asia that is just beginning to find real traction in the West. As part of our social mission to bring IT jobs to rural towns in India, Corporate360 opened our first “data factory” office in Pathanapuram, a tier-2 town in Kerala, employing 30 data science and software engineers.

A bootstrapped start-up, we have reinvested revenue to grow the company. We are now constructing a 50-person technology park in Kerala, India. Our 25-person office currently in use will be converted into staff living space. The new office facilities are expected to be operational by June 2015.

“We are delighted about our new office coming up. It’s a great advantage for us to be operating in our own office. We save on operating costs and increase company assets in the long run,” says Ashish Mandirathil, director at Corporate360. “These steps allow us to better support our employees and innovation plans.”

“2014 was a big learning curve for us from the start-up community,” CEO and founder Varun Chandran said. “We pitched to 9 VCs, and got 3 term sheets. Discussions are under way on one offer to review second half of this year for Series A round.”

“We won large multi-year contracts in 2014, hence we decided to postpone fundraising and directly go into Series A when the time comes. We are bootstrapped and profitable with multi-year SaaS contracts running for the next 2 to 4 years with a strong pipeline. Our primary strategy is to maximise market traction and reinvest in continuous innovation of our products.”

Corporate360 is a big data startup founded in 2012. The company offers cloud-based marketing data software for B2B marketers. Headquartered in Singapore, we have 30 employees and 9 contractors in 5 countries. Corporate360 products are used by over 300 global customers including Dell, HP and VMware. The company plans to release a new SaaS-based B2B marketing campaign product and mobile applications of their products by mid 2015.