PERQ's $6 million financing tops recent funding news in Indianapolis

PERQ's $6 million financing tops recent funding news in Indianapolis
Photo: PERQ/Facebook
By Hoodline - Published on July 29, 2019.

Indianapolis-based advertising company PERQ has secured $6 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 8 and led by Poplar Ventures.

According to its Crunchbase profile, "PERQ, a high-growth Indianapolis marketing technology company, has rapidly expanded its footprint. More than 1,000 businesses in the home furnishings, auto retailing and multifamily industries trust PERQ’s Marketing Cloud to empower them with the strategy, process and technology to drive data-driven marketing & sales strategies that lead to increased sales."

The five-year-old company has raised two previous funding rounds, including a $5.5 million seed round in 2018.

The round brings total funding raised by Indianapolis companies in sales and marketing over the past month to $11 million. The local sales and marketing industry has seen seven funding rounds over the past year, yielding a total of $30 million in venture funding.

In other local funding news, artificial intelligence company DemandJump announced a $5.5 million Series A funding round on July 23, financed by BIP Capital.

According to Crunchbase, "We believe marketing should be more effective. DemandJump’s mission is to understand the world’s competitive digital data and make it actionable for marketers everywhere. It’s not about big data ... it's about making data actionable."

Founded in 2015, the company has raised three previous rounds, including a $6 million Series A round in 2018.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.