Spiro Technologies Raises $3M Investment Lead by Geekdom Fund for Proactive CRM powered by Artificial Intelligence.
Boston, MA, October 9, 2017
Spiro Technologies, the provider of the first Proactive CRM, announced today a $3 million Series Seed funding led by Geekdom Fund with participation by MassVentures, Hyperplane Venture Capital and New Harbour Partners. MassVentures’ Vice President Jennifer Jordan will join the Spiro board of directors. Spiro will use the new investment to expand its sales, marketing and product development teams.
Spiro’s Proactive CRM (customer relationship management system) advises sales leaders and representatives about important activities to move deals through the pipeline. Spiro automatically updates itself; makes recommendations and reminds users about the best prospects to reach out to to close deals; and uses unique natural language processing to create and respond to emails. On average, sales teams using Spiro talk to 23% more customers and prospects during the week, and close 20% more sales.
Spiro was launched in 2014 by three CRM industry veterans, Adam Honig, Andy Levi and Justin Kao. Collectively, they have more than 40 years’ experience selling and delivering solutions to salespeople, and have built applications which have been used by over 300,000 sales professionals.
“We are very impressed with Spiro’s vision for the future of CRM,” said Don Douglas, Senior Managing Director, Geekdom Fund. “They have demonstrated great early traction for their Proactive CRM which advises salespeople who to call, email and follow-up without data entry. We are happy to partner with Spiro’s experienced management team and support them while building the next generation of customer relationship management software.”
“Spiro has created something completely different than the rest of the CRM market by focusing on delighting salespeople first,” said Jennifer Jordan, Vice President, MassVentures. “Their customers were typically not able to use CRM before Spiro because their sales teams resisted adopting it. We believe that Spiro can significantly expand the market of CRM to additional sectors, and we’re excited to be involved with Spiro just as it’s poised for huge growth.”
“We’ve grown Spiro from a personal sales assistant to a full sales CRM platform, powered by artificial intelligence,” said Adam Honig, Spiro’s CEO and Co-founder. “With the new investment, we plan on expanding rapidly and bringing new innovations to help companies sell more and acquire customers more easily.”
About Spiro Technologies
Spiro Technologies provides the first Proactive CRM that reminds salespeople who to call, updates itself and helps sales leaders drive more revenue.
About Geekdom Fund
The Geekdom Fund L.P. is a venture capital fund that invests in early stage IT startups in San Antonio, South Texas and beyond. With a hands on approach, we give companies the tools they need in order to reach Series A funding.
MassVentures is a quasi-public venture capital firm focused on fueling the Commonwealth’s innovation economy by funding early-stage, high-growth Massachusetts startups.