Clutch, a Philadelphia area-based provider of Consumer Management solutions to customer-focused brands, raised an additional $5.0m in Series B funding, which now totals $13.2m.
The round was led by Safeguard Scientifics (NYSE:SFE),
The company, which has now raised $14.4m in total, intends to use the funds to accelerate its marketing and sales initiatives to expand into markets including specialty retail, apparel, media, hospitality and pharmaceutical/healthcare.
Led by Ned Moore, Co-founder and CEO, Clutch provides a platform for companies to identify, target and engage their Most Valuable Customers (MVCs).
The solution integrates traditional point-of-sale (POS) and ecommerce data, along with consumer social and mobile activity to create meaningful engagements, lasting relationships and successful customers.
The company serves over 750 retailers globally.
FinSMEs
26/05/2015
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