SumAll Raises $2 Milllion, Acquires TwentyFeet
SumAll is a web-based company that helps marketers and e-commerce companies make decisions through the use of analytics. SumAll has raised $2 million in debt funding from Silicon Valley Bank. SumAll has also acquired German social media monitoring company TwentyFeet as part of an effort to expand their analytics across several European markets. The terms of the acquisition was undisclosed.
“Aligning our business with one of the market leaders ensures the best possible future for our very valuable customers. Managing all business data through one account is something we have believed in for some time; SumAll is perhaps executing on that strategy better than anyone,” stated TwentyFeet chief executive officer Martin Seibert.
SumAll now works with over 40,000 companies in over 30 countries. The company saw 1,100% growth year-over-year. The company is now tracking nearly $4 billion in commerce data, which is up 100% from one year ago. The company tracked around 53 billion visits in the last 6 months alone.
Previous investors that put money into SumAll includes Battery Ventures, General Catalyst, Matrix Partners and Wellington Partners.