Prismatic, a Sioux Falls, SD-based embedded integration platform, has raised $22 million in Series B funding.
SaaS Investors
The round was led by Five Elms Capital.
Five Elms Capital is a growth investor that provides capital and resources to help companies accelerate growth and further cement their role as industry leaders. Five Elms maintains offices in North America and Europe and invests in the best software platforms globally.
Prismatic Use of Funds
The investment will primarily support the expansion of Prismatic's research and development to enhance its embedded Integration Platform as a Service (embedded iPaaS) platform.
About Prismatic
Prismatic is an embedded integration platform designed to help B2B software companies deliver integrations faster. The platform enables the rapid creation of integrations to other apps that customers use and adds a native integration marketplace to your product. The company's platform encompasses an intuitive integration designer, an embedded integration marketplace, integration deployment and support, and a purpose-built cloud infrastructure. Prismatic was recognized as the #1 Momentum Leader in the Winter 2024 G2 report.
Funding Details
Company: Prismatic Software, Inc.
Raised: $22.0M
Round: Series B
Funding Month: January 2024
Lead Investors: Five Elms Capital
Additional Investors:
Company Website: https://prismatic.io/
Software Category: iPaaS (integration platform as a service)
Source: https://www.prnewswire.com/news-releases/prismatic-raises-22-million-in-series-b-funding-to-simplify-integrations-for-b2b-saas-companies-302036628.html