Categories: Funding

BUMP Network Closes $2.3M Series B2

BUMP Network the company that provides revolutionary SaaS based data registration transaction and membership management technology announced today that it has closed its Series B2 financing round

Strategic investors participating in the round include Eric Schmidt’s TomorrowVentures ZIG Capital Chris Burch via JCB Investments Moore Venture Partners La Jolla Holding Co , and several super angel investors This current $2 M round brings the total amount raised to $4 M

This latest round of capital will allow us to significantly ramp up our SAAS product offering Our software allows any company to connect communicate and monetize its consumers manage their data and provide hundreds of benefits privileges and discounts through a membership program says Mitch Thrower BUMP’s Founder and CEO With our proprietary software and technology we are uniquely positioned to build on our continuing success in attracting enterprise customers he added

BUMP Network’s white label customers include large shopping malls and retailers conference companies medical services providers sports companies and more

We also maintain our own consumer membership product and plan to expand this platform in 2013 BUMP com will offer all motorists a premium membership program including hotel car and air privileges along with a top-notch roadside assistance program for the digital age BUMP com members will receive a better less expensive option to the industry’s current offerings says Thrower a serial entrepreneur who was the co-founder and CEO of several successful technology companies including some of the world’s largest sports transaction businesses He was also Chairman of Triathlete Magazine and is a 22x Ironman Triathlete

About BUMP Network

BUMP Network offers powerful easy-to-use software for managing any organization’s membership from sign up to redemption BUMP Network integrates seamlessly into any existing website offering a platform that allows a business or organization to generate and enhance revenue from its members through additional benefits offerings and data management Information on BUMP Network can be found at a href=”http://www BUMP-Network com target=”_blank”>www BUMP-Network com

Arpit Jain

Based in Japan and India. Has led to 1 successful fundraise in Japan. Been working the space of Venture Capital and Private Equity for the last 3 years.

Leave a Comment
Share
Published by
Tags: INVC

Recent Posts

Commentary on HealthTech Startups in Singapore

Singapore has always had a progressive healthcare system with prioritizing innovative solutions to the existing…

3 years ago

What are Ponzi Schemes?

A Ponzi scheme is a fraudulent investment scheme that aims to give its investors high…

4 years ago

Commentary on Prop Tech in China

According to the Global Prop tech Survey, 2019 published by KPMG one of the key…

4 years ago

How do shell companies operate?

In April 2016, the world witnessed one of the biggest information leaks in history, consisting…

4 years ago

Singapore based cybersecurity company Silent Eight raises $8.8M

Silent Eight a global technology company that helps combat money laundering and terrorism financing using…

4 years ago

Retail-tech startup Gully Network Raises $1.2 Million

Indian startup Gully Network Retail Pvt Ltd, a retail-tech startup focused on providing services to…

4 years ago