ZynBit announced it has raised $1 Million in venture debt funding.
The funds infusion comes from River SaaS Capital, which specializes in Software as a Service based startups. ZinBit says it will use the funds to grow its sales intelligence roadmap and build its sales and marketing teams.
“The River SaaS Capital partnership is strategic for us at this stage, helping ZynBit to manage scale, cashflow and dilution,” said Phil Dixon, CEO of ZynBit, in a statement. “We’ve been impressed with the River SaaS team’s responsiveness, flexibility and knowledge of our needs. We’re thrilled to join the River SaaS family.”
Adds River SaaS Capital Chief Investment Officer Wendy Jarchow, “We’re thrilled they chose River SaaS as their capital partner and look forward to working with them to accelerate their growth.”
Raleigh, North Carolina based ZynBit was founded in 2015 to provide sales enablement solutions that help sales staff and professionals receive better sales activity data and increase adoption of the Salesforce platform.