October 27, 2008, 12:00 AM

E-mail software provider iContact secures $5 million in debt funding

IContact Corp., a provider of e-mail marketing software for small and mid-sized businesses, has secured $5 million in debt funding from Portland, ME-based venture capital firm North Atlantic Capital.

Katie Evans

Managing Editor, International Research

 

IContact Corp., a provider of e-mail marketing software for small and mid-sized businesses, has secured $5 million in debt funding from Portland, ME-based venture capital firm North Atlantic Capital.

The company says the money will fund sales and marketing efforts and staff expansion.

“IContact’s best of breed product, superior marketing capability, excellent team and attractive customer economics have allowed iContact to become the fastest growing e-mail marketing company,” says David Coit, managing director of North Atlantic Capital. “Our investment will help the company accelerate its growth and become the leader in online communications for the billions of small businesses and non-profits both in the U.S. and around the world.”

North Atlantic has invested in 65 companies with a focus on technology-enabled business service companies.

IContact reports more than 35,000 customers and 120 employees. Its technology allows organizations to create e-mail newsletters, RSS feeds, surveys and autoresponder messages.

 

 

Comments

Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!

Advertisement

Advertisement

Advertisement

Relevant Commentary

FPO

Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...

FPO

Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of Quill.com that will let customers and Quill ...

Advertisement