Submittable Raises $5 Million Series A Financing Round Led by True Ventures
Summary
MISSOULA, Mont., June 13, 2017 /PRNewswire/ -- Submittable, the revolutionary cloud-based platform that can be used by any organization to easily accept, review, and manage submissions and applications and any creator looking for opportunities for work, announced today a Series A investment of $5 million led by True Ventures. It will also convert from a closed to open system, which will allow any submitter to sign up for the platform and immediately begin utilizing the Discover feature to find places to submit their work. "Were really excited to invest in Submittable because of its great potential as a new kind of SaaS marketplace where both businesses and users benefit across many different verticals," said Puneet Agarwal, partner at True Ventures. With capital under management in excess of $1.4 billion, True provides seed and Series A funding to the most talented entrepreneurs in todays fastest growing markets. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact.
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