Fast-Growing Service will Use the Proceeds to Increase Market Visibility and Expand Offerings to Support Needs of Larger Enterprises
NEW YORK– Salesconx, the online marketplace and expert network for selling and business referrals, today announced it has received $1.5 million in Series A financing from a consortium of individual New York investors with broad experience in building successful companies. The investment marks the first outside funding for Salesconx, a company that provides a pioneering solution for the buying and selling of introductions to key business decision makers.
Salesconx intends to use its new funds to expand its presence in the U.S. among its key audiences of sales, marketing professionals and corporate executives. It will also continue building its technology platform and expand its offerings to support the needs of larger enterprises, an important growth segment for the company.
“Salesconx has achieved strong results in the four months since it moved out of beta,” said Evan Sohn, founder and chief executive officer of Salesconx. “We’ve grown consistently at an average rate of 30% per month across all metrics—not only transaction volume, but also numbers of buyers and sellers. In July alone we added over 500 Selling Experts to Salesconx.”
Over 700 companies of all sizes have come to Salesconx to leverage the strength of its online marketplace. Salesconx connects Selling Experts—those individuals possessing relationships with some of America’s top business decision makers, especially in the sales arena—with companies seeking introductions. The company’s network currently represents over 40 industries across the U.S. and Canada including accounting, computer services, marketing, manufacturing, retail and business services.
“Social networks, like LinkedIn, Facebook and Xing, remind us that the path of least resistance between two people is through a third-party introduction,” noted Sohn. “We have created a marketplace that allows buyers to specify their desired target decision maker using specifics such as location or industry, while also enabling sales professionals to capitalize on their hard-won business networks by introducing other sellers to their customers.”
Salesconx has received favorable coverage from numerous sales and marketing industry publications. Stacy Straczynski of ManageSmarter, the online newsletter of Sales and Marketing Management magazine, calls Salesconx “the new social-networking-based service that may have you thinking differently about connecting online.” Karl Goldfield of the Startup Sales Mentor weblog said, “In the few months since its inception, Salesconx has already proven to be a successful solution for both the buyers and sellers of sales leads,” while Zack Miller, blogger of New Rules of Investing, described Salesconx as one of the new ideas that represent “a sea-change in Sales 2.0 technologies and their implementations.”
Until its Series A investment round, Salesconx had been entirely angel-funded.
About Salesconx, Inc.:
Salesconx, Inc. provides technology and services to support an online marketplace and expert network for selling and business referrals. Launched in January of 2008, Salesconx’ platform for qualified introductions and pay-for-performance deal generation has helped businesses and selling professional across the country drive more business, adding more clients and customers in a broad range of industries and disciplines. The Salesconx Selling Experts represent industries from business services, computer services, financial services and over 40 industry segments across all 50 States and Canada. Salesconx is fueled by an extensive partner program consisting of over 50 companies and organizations from sales portals, small business portals, networking organizations, LinkedIn Lions and business web sites. For more information about Salesconx, please visit http://www.salesconx.com.
