Austin-based telecommunications company Tenfold has secured $7.5 million in Series C funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced Oct. 8 and led by Next Coast Ventures.
According to its Crunchbase profile, "Tenfold helps companies have better customer conversations. Put customer information into action on the phone, every time, in real-time."
The 5-year-old startup has raised five previous funding rounds, including a $14 million Series B round in 2018.
The round brings total funding raised by Austin companies in sales and marketing over the past month to $8.2 million, an increase of $6.5 million from the month before. The local sales and marketing industry has produced 19 funding rounds over the past year, raking in a total of $126 million in venture funding.
In other local funding news, finance and business intelligence company Place Technology announced a $2.2 million seed funding round on Oct. 8, financed by Geekdom Fund.
According to Crunchbase, "Place Technology is a venture-backed software company building innovative applications on the Salesforce Platform that focus on simplifying business operations. It’s flagship product, PlaceCPM, is a corporate performance management solution that combines transactional-level financial and cash forecasting, budgeting, modeling, consolidations and core planning with advanced collaboration, workflows, reporting and visualization tools"
The company also raised a $720,000 pre-seed round earlier this year.
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