As we move further into 2021, it feels like the chaos of 2020 is quickly fading and is being replaced with an abundance of optimism. A new beginning at Zomentum is upon us! It’s with great excitement that I can announce we have secured $13 million in funding from Elevation Capital, Accel and Greenoaks Capital. The round also saw participation from Eight Roads Ventures.
I'm genuinely grateful for all the long nights and coffee-fueled mornings that have been spent crafting, building, marketing and selling the product. One of my goals when starting the company was to find dedicated, talented people that were looking to build something great. The team we have at Zomentum has delivered beyond expectations and we continue to add more talented, experienced people every day (literally!). In retrospect, I can't help but be in awe of what we have created, together, as a team.
Zomentum has been extremely fortunate to have a partner base that sees the value, understands our mission, openly engages with us and is also patient as we continue to improve. We are a 100% channel-only company and everything we do is in service to our partners. We could not be more grateful for the ones who are on this journey with us. My promise to you is that we will continue to improve and push the boundaries of what you think is possible with our platform.
Zomentum is on a rocketship heading towards outer space. The speed at which we are moving is unprecedented and exhilarating. To be able to keep up with the innovation, growth and expansion that is our future, we looked to create relationships with some tremendous investment partners who will have our back as we continue to push upwards. This funding is giving us the ability to quickly take our platform to new heights, it will give us the leeway to hire the right talent and will provide us the opportunity to create new programs and education for our partners.
Zomentum continues to march ahead as the world's first IT sales acceleration platform. Our mission is to fuel $600 Billion in IT economic activity for small and medium businesses (SMBs) worldwide. Within just the past twelve months, Zomentum has become an IT channel standard and is growing extremely fast with new customers referring Zomentum to other peers daily. It’s all about trust and we hope to continue to earn the trust of our partners.
We're here to continue our commitment to our MSP partners to build an efficient sales engine that grows their business and makes a mark in the IT channel community. I am beyond grateful to everyone who supported us in the journey thus far, and I can't wait to keep working with every one of you in the years to come.