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Turbo Systems Announces Extension to Series A Funding as Companies Increasingly Seek No-Code Solutions for Distributed Teams

Jul 23, 2020•about 5 years ago

Round Type

series a

Campbell

Description

Turbo Systems, the first universal, no-code engagement platform, today announced a $3.45 million extension to its Series A, $8M funding round which initially closed in 2018. The extension comes as a result of the company’s continued momentum. Led by original funder Mayfield, an investor in ServiceMax, Marketo, Moat, Outreach, Hashicorp and several other leading SaaS/Cloud companies, the funding will be used to capture and accelerate Turbo’s growth in revenue and customers. In addition to Mayfield, B Capital has joined the round with its Ascent Fund, a partner-backed fund that invests smaller amounts in early-stage companies with the potential for rapid growth

Company Information

Company

Turbo Systems

Location

Campbell, Kentucky, United States

About

CAMPBELL, Calif.--(BUSINESS WIRE)--Turbo Systems, the first universal, no-code engagement platform, today announced a $3.45 million extension to its Series A, $8M funding round which initially closed in 2018. The extension comes as a result of the company’s continued momentum. Led by original funder Mayfield, an investor in ServiceMax, Marketo, Moat, Outreach, Hashicorp and several other leading SaaS/Cloud companies, the funding will be used to capture and accelerate Turbo’s growth in revenue and customers. In addition to Mayfield, B Capital has joined the round with its Ascent Fund, a partner-backed fund that invests smaller amounts in early-stage companies with the potential for rapid growth. Nassau Street Ventures, part of Alumni Ventures Group also joined the round as well.

FundzWatch™ Score

Medium Activity