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FreeAgent CRM Raised 12.6M in Series A financing to fuel growth

Round led by Pelion Ventures, joined by Altara and BlueRun Ventures

Leading the way to a better workday

FreeAgent CRM is an enterprise software company offering a cloud platform that helps small and mid-sized enterprises manage customer-facing work better. 

After growing subscription revenues 2.5x through the COVID-19 pandemic, FreeAgent CRM capped off 6 quarters of Q/Q growth with a $12.6M Series A financing to put a booster rocket on its ambitions to penetrate the $46B CRM software market.

When other startups cut resources and trimmed their ambitions, we grew our team and grew our nascent presence in the CRM market. We see ourselves as the only platform alternative to Salesforce in a market hungry for a real choice.”

Dave Stephens

Co-Founder, CEO of FreeAgent

Total Raised
Over $25M

FreeAgent is trusted by the world’s most productive teams to collaborate, grow revenue, and delight their customers. We create user experiences that improve work ­lives and propel careers.

We believe great enterprise software can bring teams together and help them achieve more.

What FreeAgent was able to achieve in 2020 is impressive. What their plans are for 2021 and beyond is even more impressive. We know they are going to be a major force in the largest software category in the world, and we couldn’t be more excited to team with them to bring forward a real alternative to the Salesforce CRM monopoly.”

Jeff Kearl

General Partner, Pelion Ventures

Dave Stephens has had a history of success – from his leadership positions at Oracle, being the founding CEO of Coupa, to his leadership positions at ServiceNow. We are excited to invest in his effort to disrupt the CRM market, and expect great things.”

Dave Ng

General Partner, Altara Ventures

BRV was the first investor in Coupa, and we are proud to be the first venture investor in FreeAgent. We like the company’s progress so far, especially given these unprecedented times. We believe FreeAgent CRM is on its way to becoming a brand all enterprises know and love.”

Jonathan Ebinger

General Partner, BlueRun Ventures

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