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Evisort Pulls In $35M Series B Round

– Evisort from Silicon Valley today announced $35M in Series B funding following a year of 4x revenue growth.
– Global growth equity investor General Atlantic led the round, with participation from existing investors Amity Ventures, Microsoft’s venture fund M12, and Vertex Ventures.
General Atlantic‘s Operating Partner and former GE CIO Gary Reiner will join Evisort as a board member.
– The company will use the funds to grow its customer success team, expand its platform to include more workflow-specific offerings, and continue to push the boundaries of its pre-trained AI.

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Apps Computer Document Management Lending North America Software

Cirrus Announces Strategic Partnership With Manifesto

– Cirrus announced a capital investment from Manifesto.
Manifesto is a branding agency.
– Cirrus is a provider of cloud-based document management software.
– Cirrus’ cloud-based system plays a key role in supporting a more streamlined, user friendly commercial and SMB lending process.
– Cirrus’ bank and credit union customers can better manage extensive loan requests and provide quicker access to capital for small businesses.
– This is important today as businesses continue to cope with the effects of the pandemic and important in the future as institutions work to grow their business and commercial loan portfolios.

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Document Management Management Information Systems North America Productivity Tools SaaS

airSlate Secures $50 Million from Silicon Valley Bank

– airSlate secures $50m in debt financing from Silicon Valley Bank for a total of $130m in capital raised to date.
Silicon Valley Bank‘s technology banking team is excited to support breakout companies like airSlate through their next phase of growth.
– airSlate enables non-technical users to digitally transform their front and back-office business processes, including employee and customer onboarding, sales and ordering workflows, and contracts and payments.
– More than 600,000 customers worldwide and 25 million users have realized significant improvements in the delivery and effectiveness of their departments with airSlate’s solutions.
– airSlate’s no-code business automation platform is creating valuable workflow solutions for small and mid-sized businesses across verticals.

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Document Management North America Retail Technology Task Management

Foko Retail Raises $3M in Funding

– Foko Retail is a Gatineu, Quebec, Canada-based leader in the retail communication and task management software space.
– The company raised $3m in funding.
– The round was led by BDC Capital, as well as Canada Economic Development for Quebec Regions (CED), local economic development agency ID Gatineau, and current shareholders.
– The new capital will be used to expand the company’s penetration in international retail markets and further develop its current suite of products by enabling research and development.

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Document Management Management Information Systems North America Productivity Tools SaaS

AirSlate raises $50 million more to automate enterprise workflows

– AirSlate has raised $50m in debt financing from Silicon Valley Bank.
– The capital comes after a $40m round in January led by Morgan Stanley and General Catalyst, and it brings the company’s total raised to $130m.
– When McKinsey surveyed 1,500 executives across industries and regions in 2018, 66% said addressing skills gaps related to automation and digitization was a “top 10” priority.
– According to market research firm Fact.MR, small and medium-size enterprises are expected to adopt business workflow automation at scale, creating a market opportunity of more than $1.6bn between 2017 and 2026.
– AirSlate launched its first product — a PDF editor — in 2008.

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