bom.com Secures $5 Million in Series B Funding | Arena Solutions
Summary
"Our ability to raise capital in the current environment illustrates the confidence investors have in bom.com," said Michael Topolovac, chief executive officer and co-founder of bom.com. We will use the funding to expand our sales outreach, strengthen our market presence and maintain an aggressive approach to developing new functionality." And around that technology, the company has built a solid customer base, a scalable business model and an experienced management team." Before founding Otter Capital, he was managing director of Hellman & Friedman, a private equity firm whose investments include Formula One Holdings, Young & Rubicam and NASDAQ, among others. Existing customers have already benefited from the seamless introduction of several major new feature sets, as well as ongoing functionality and usability enhancements.
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