Impartner, a Salt Lake City, Utah-based leading partner relationship management (PRM) platform, raised $35 million in growth capital financing round from CIBC Innovation Banking, also backed by existing investors including Brighton Park Capital, Savant Growth, and Emergence Capital.
Impartner plans to use the financing to increase its investments across sales & marketing, go-to-market strategy, and research & development to further accelerate its growth momentum.
Company: Impartner Inc.
Raised: $35.0M
Round: Growth Capital
Funding Month: May 2022
Lead Investors: CIBC Innovation Banking
Additional Investors: Brighton Park Capital, Savant Growth, and Emergence Capital
Company Website: https://impartner.com/
Software Category: Partner Relationship Management (PRM) Software
About the Company: Founded in 1997 by cloud visionary Craig Flynn, Impartner was acquired in 2015 by Kennet Partners and current CEO Joe Wang. Impartner is the operator of a partner relationship management (PRM) platform intended to help businesses transform their channel into strategic assets. The company offers software as a service-based (SaaS) marketing automation platform that enables various organizations to manage their relationships and accelerate growth through indirect sales channels, helping clients to get a better return on their channel investment. Impartner is the fastest-growing, most award-winning provider of channel management technologies, including its flagship Partner Relationship Management (PRM) and Through Channel Marketing Automation (TCMA) solutions. Impartner has a rapidly growing list of customers such as Fortinet, LogRhythm, Rackspace, Splunk, Ingersoll Rand, ZenDesk, Xerox, and many more, who all rely on Impartner to help give their channel partners the perfect partner experience they deserve. And over 10 million partners currently using our system.
Source: https://www.businesswire.com/news/home/20220517005030/en/CIBC-Innovation-Banking-Announces-35M-Growth-Capital-Financing-for-Impartner