Infusionsoft announced $54 million in growth capital financing from Goldman Sachs. The company will use the funds to ramp up product development, accelerate marketing and sales and to grow its partner and education programs in the U.S. and internationally. Infusionsoft’s all-in-one sales and marketing software combines CRM, marketing and e-commerce, and is being used by 12,000 small businesses.
“We are proud to have Goldman as a financing partner as they are aligned with our vision to develop a true sales and marketing solution for small businesses,” said VP of Marketing Greg Head. “This funding is intended to help grow our sales and marketing engine, increase education and improve the product.”
“Infusionsoft is a proven partner in working with small businesses and Goldman Sachs is pleased to be an investor in this highly innovative and unique company in the software as a service industry,” says Raheel Zia, managing director for Goldman Sachs Group.
The $54 million investment from Goldman Sachs, with participation from Arthur Ventures, will help fund Infusionsoft’s future growth plans. To date, Infusionsoft has received a total of $71 million in funding. Goldman Sachs joins Mohr Davidow Ventures and Signal Peak as investors in Infusionsoft.
Infusionsoft employs 350 people and recently moved into new headquarters in Chandler, Ariz., where it plans to grow to 1,000 employees in just three years.