Allbound, a Phoenix, AZ-based Partner Relationship Management (PRM) platform, raised $3.61M in Series A funding.
The round, which brought tatal funding raised to date to $7.4M, was led by Canal Partners with participation from KLH Venture Partners, Tallwave Capital, Arizona Founders Fund, and Stout Street Capital. In conjunction with Jim Armstrong, Founder and CEO of JDA Software, will also join Allbound’s Board of Directors. In addition, Wain Kellum will be joining the board of directors as Executive Chairman.
The company intends to use the funds for product enhancements.
Allbound provides a SaaS tool for companies to build partner programs enabling partner enablement, communications and pipeline management. The platform works as a layer in a given technology stack by integrating with the tools that companies already know, such as their CRM.