Channext, an Utrecht, Netherlands-based Software-as-a-Service platform that makes an online connection between vendors and business partners, announced that it raised €4.5 million in a Series A round of funding.
The investment was led by Holland Capital, with the Graduate Entrepreneur Fund and current investors.
With this funding, Channext aims to become the European market leader and connect its first US customers.
Rick van den Bosch, CEO of Channext, said: “We raised this investment round to establish Channext as the European market leader, and take the first steps in the United States. Our ambition is to grow to 10,000 business partners. We’re launching with two vendors in the US this month, and aim to significantly grow that number over the coming 18 months.”
Company: Channext
Raised: $4.5M
Round: Series A
Funding Month: September 2022
Lead Investors: Holland Capital
Additional Investors: Graduate Entrepreneur Fund
Company Website: https://channext.com/
Software Category: Partner Marketing Engagement Platform
About the Company: Founded in 2019, Channext counts over 30 FTE and is located in Utrecht. Channext is a partner marketing platform for Tech vendors that sell their products through business partners. The platform automatically collects and presents partner data in one central dashboard. Channext’s software platform helps vendors and their business partners easily publish and track marketing content at scale. Channext allows companies like Cisco, Dell, and Logitech to publish marketing content on their partners’ channels (like websites and social media). Channext offers a marketplace of over 1,000 business partners.
Source: https://channext.com/announcement/channext-raises-4-5m-series-a-funding/