FullContact brings in $25 million to expand, add employees

Cross-platform contact management startup FullContact announced that it raised $25 million to fuel its growth. The company said in a statement that the funding will allow it to grow its business, recruit global talent and fund acquisitions.

FullContact officials plan to more than double its workforce next year. The company will begin hiring in the second half of 2016 and and begin opening additional offices. With headquarters in Denver, FullContact already has offices in Riga, Latvia and Dallas, and plans to open additional offices.

The new funding round was led by Foundry Group and included investments from Baird Capital, Shea Ventures and Blue Note Ventures. With this round of funding the company has raised $50 million.

"With over 40 billion contact records under management, FullContact was already on track to more than double recurring revenue for the fourth straight year," says Brad Feld, managing director of Foundry Group. "The funding will be used to support the company's rapid growth by further expanding sales, marketing and engineering." He adds that the funding also will grow its technology and data assets.

The company has previously acquired other companies including mobile contact management application Cobook, an SaaS-based customer data intelligence service and social address book Brewster.

FullContact's suite of products is aimed at contact management for individual professionals, businesses and software developers. It offers free iPhone and Android apps, which can transcribe business cards, add social profiles to contacts and sync contacts across multiple address books.

Contact Confluence Denver Innovation & Jobs News Editor Chris Meehan with tips and leads for future stories at chris@confluence-denver.com.

Read more articles by Chris Meehan.

Chris is a Denver-based freelance writer, editor and communications specialist. He covers sustainability, social issues and other topics.
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