Relay Network just raised $30M. Here’s what its 2020 looks like
Summary
Radnor-based customer engagement company Relay Network announced this week it had raised $30 million in growth capital investment from Center City’s LLR Partners. Relay has more than 30 million active customer feeds and has relationships with companies such as Comcast, Independence Blue Cross and Citizens Bank, it said. This is the first raise that’s provided liquidity to the company’s earliest investors, Relay CEO Matt Gillin said. “It indicates a very strong vote of confidence of where we are going, and provides us with a solid and proven financial partner for this next stage of growth.” So, what’s the plan for the investment? “They’ve built an innovative solution to power personalized, proactive customer engagement and help enterprises improve outcomes, while writing a great growth story for Philadelphia,” Reuter said.
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