SaaSWorks has announced that it has raised $5 million in fresh funding. The investment was led by Conversion Venture Capital. Prominent CEOs, CFOs, top level executives also participated. The funding will be used by the company to hire the best talent in the greater Boston area and enhance its solutions to further help the way SaaS businesses scale.
The Boston-based company delivers operational solutions for scaling SaaS businesses. SaaSWorks has been groundbreaking due to its service-led, product-enabled approach which has helped it deliver results.
Founded by Jim O’Neill and Vipul Shah, SaaSWorks provides customer success and revenue operations solutions for scaling subscription businesses.
Both the co-founders have worked together previously to scale Pyramid Digital Solutions, an enterprise software company. O’Neill was also a founding team member of HubSpot. They have over 20 years of experience as software entrepreneurs, operators and investors.
Commenting on the funding, Shah said: “It’s been humbling to see the type of support we’ve had from our initial customers, team and investors.”
“Our long-term capital commitment reflects our confidence in Jim and Vipul’s ability to create a platform that adds real value that’s long-lasting,” said Conversion Venture Capital Founding Partner Shakeel Rangrez. “Jim and Vipul have a tremendous record of success at multiple platforms, and as a result, the approach and perspective they’re going to take regarding this investment aligns well with our values.”