Clubessential Receives Growth Equity Investment from Battery Ventures

Funding Rounds

▤ Summary

Clubessential LLC, a Cincinnati, OH-based provider of online software for golf, city, yacht and other private clubs, received a growth equity investment from Battery Ventures.In conjunction with the deal, whose specific terms were not disclosed, Morad Elhafed, a Battery Ventures partner, will join Clubessential’s board.The The company intends to use the capital to accelerate growth by investing in product innovation, sales and marketing, and acquisitions.Founded in 1998 and led by Dr. William Ivers, CEO, Clubessential sells front- and back-end “software-as-a-service” (SaaS) applications to private clubs to manage various aspects of their operations.The company, which also offers customer-relationship management, mobile-app and online-payment products, has about 175 employees in Cincinnati as well as Austin, TX.

$ Funding

$
Amount - Total raised
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Date July 21, 2016 Announcement date
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Investors Clubessential Lead investors
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Company http://www.clubessential.com Funded company

▥ Classifications

industries
Food & Beverage
applications
No applications detected

◇ AskAI Classifications

Labels
Club Management Software SaaS Predictive Analytics

▦ Linked Companies

Clubessential
$10M to $25M