Funding is a follow on to the $25 million Series B announced last fall
CHARLOTTE, NC – February 21, 2019 – Stratifyd announced today that Arsenal Growth has invested $4 million in the company as a follow on to the $25 million Series B round of funding led by Georgian Partners that was announced last fall. This strategic injection of capital from Arsenal – which brings the total venture financing received by Stratifyd to date to $40.4 million – will help position Stratifyd for new partnership opportunities with more Fortune 500 enterprises.
“Having Arsenal on board as an investor goes way beyond the additional capital to hire more engineers to grow our platform’s capabilities,” said Derek Wang, CEO of Stratifyd. “Arsenal has several Fortune 500 companies as limited partners and strategic relationships with some of the world’s largest organizations. This will play an important role in accelerating our growth by helping us get our foot in the door with potential new clients.”
What attracted Arsenal to Stratifyd was the uniqueness and depth of the platform, and the drive and business acumen displayed by the leadership team.
“At Arsenal, we like to invest in disruptors in various markets and products or services which solve existing, substantial pain points. The Stratifyd platform is changing the way companies do business and making them more competitive in the marketplace,” said John Trbovich, General Partner at Arsenal. “We see tremendous opportunities to support Stratifyd in establishing even greater visibility with large global corporations and government customers.”
Stratifyd provides end-to-end customer analytics to enterprises worldwide. The company’s AI-powered platform analyzes, categorizes, and visualizes structured and unstructured data in minutes to surface unknown insights which can be used to efficiently tailor marketing efforts, increase customer acquisition and retention, improve products and services, and boost revenue. To learn more, visit www.stratifyd.com.
About Arsenal Growth
Arsenal is a growth stage venture capital firm that focuses on the intersection of the Government, large corporations, and emerging technology companies. We partner with visionary entrepreneurs to build exceptional businesses in the healthcare, commerce/logistics, enterprise, and resource efficiency sectors. We add value by fostering relationships from our unique network and experience working with the Department of Defense, United States Post Office, Fortune 500 Companies, and the Veterans Administration, among others. Arsenal's core leadership team has been together for nearly fifteen years and has eighteen professionals across four offices throughout the United States. For more information, visit www.arsenalgrowth.com.
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