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Neil Capel
Founder & CEO, SailThru
Neil Capel who financed the seed capital for Sailthru the company that he co-founded and currently acts as CEO from his own pocket has obviously developed a knack for raising venture capital.
Within the space of less than twelve months, Capel has succeeded in conscripting not one but two rounds of venture capital, the first in January 2013 and the second just a few days before the year draws to a close.
Sailthru succeeded in raising $19 million of Series B funding, and has now raised raised $20 million in Series C funding.
Not that Sailthru has “sailed through” all of their working capital with Neil Capel hastening to point out the company still had “money in the bank” before the Series C funding, and that the funding was raised so that Sailthru can focus their energies in 2014 entirely on growth, including establishing an international presence.
Capel also stated that he was excited to be forming a working relationship with Scale Venture Partners, who led the latest round of funding along with ExactTarget, HubSpot, Omniture, and Virtue. A welcome addition to the Sailthru management team will be Rob Theis of Scale Venture Partners will be joining the board of directors in the New Year.
For the Series B funding, Benchmark were the leading investors, joining AOL Ventures, DFJ Gotham Ventures and RRE Ventures.
Capel along with co-founder Ian White, funded Sailthru during its first year of operation in 2009 from their own financial devices, raising a further $1 million in seed funding in 2010. A year later, Sailthru raised $8 million in Series A funding.
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