7Summits Completes Additional Growth Equity Financing

Kari-Lynn O'Neil | April 3, 2017

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

7Summits, the 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.
“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,” said Paul Stillmank, CEO of 7Summits. “I am excited to see a second investment from Salesforce.com as part of this financing round. Salesforce Ventures seldom participates in more than one round of funding, so this second infusion of capital from them is a true testimony to what we are doing here and the success that we can deliver on the Salesforce.com community platform. 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 social communities.”

7Summits, the leading online community solution provider, is referenced as a muti-platform partner in the October 2016 Gartner’s Market Guide for Enterprise Social Networking Application.

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.

-Paul Stillmank, CEO and Founder of 7Summits.

“Following on the heels of their strong growth in the Salesforce.com 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 the 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.com 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.

 

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7Summits is a registered trademark of 7Summits LLC. All other trademarks, registered trademarks and service marks are the property of their respective owners.